INNOVATIVE SOLUTIONS & SUPPORT INC

INNOVATIVE SOLUTIONS & SUPPORT INC is a vertically integrated provider of flight solutions and equipment. The company, also known as Innovative Aerosystems, was incorporated in Pennsylvania in 1988. It serves commercial air transport, general aviation markets, the United States Department of Defense (DoD), and allied foreign militaries. INNOVATIVE SOLUTIONS & SUPPORT INC operates in one business segment, focusing on the design, development, manufacture, sale, and service of avionics products and systems. These products are used for both retrofit applications and by Original Equipment Manufacturers (OEMs). For the fiscal year ended September 30, 2025, the company reported net sales of $84.3 million, marking a 78.6% increase from $47.2 million in the fiscal year ended September 30, 2024. Net income for the same period was $15.6 million, an increase of 123.3% from $7.0 million in the fiscal year ended September 30, 2024. As of September 30, 2025, the company's backlog stood at $77.4 million, compared to $89.2 million at September 30, 2024. The backlog at September 30, 2024, included $74.3 million from an acquisition on September 27, 2024. Approximately 44% of the current backlog is expected to be recognized as revenue over the next 12 months, and about 92% over the next 24 months. In October 2024, the company's ThrustSense® Autothrottle system was selected for installation on US Army C-12 (B200) aircraft equipped with ProLine21 avionics suites®.