INNOVATIVE SOLUTIONS & SUPPORT INC

Innovative Aerosystems (formerly Innovative Solutions & Support, Inc.) is a vertically integrated provider of flight solutions and equipment. The company, incorporated in Pennsylvania in 1988, serves commercial air transport, general aviation markets, the United States Department of Defense (DoD), and allied foreign militaries. On October 6, 2025, the company rebranded to Innovative Aerosystems. It operates in one business segment, focusing on designing, developing, manufacturing, selling, and servicing avionics products and systems for both retrofit applications and Original Equipment Manufacturers (OEMs). In the fiscal year ended September 30, 2025, Innovative Aerosystems reported net sales of $84.3 million, 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®.