ISSC Acquires Exclusive License for Honeywell Power Generator Systems, Expanding Aerospace Sustainment
Summary
Innovative Solutions & Support (ISSC) has acquired an exclusive perpetual license from Honeywell International Inc. for its power generator systems, including related intellectual property, customer contracts, and operational assets. This strategic move significantly expands ISSC's capabilities in aircraft electrical power generation, covering critical platforms such as the Boeing 767, KC-46 tanker, and F-15 fighter. This follows a previous announcement today regarding ISSC's acquisition of other critical avionics solutions from Honeywell, indicating a broader strategic expansion. The acquisition enhances ISSC's ability to provide long-term sustainment, engineering support, and supply continuity for these mission-critical systems, broadening its customer and platform reach and reinforcing its position as a lifecycle partner in both commercial and defense aerospace markets.
At the time of this announcement, ISSC was trading at $20.24 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $389.7M. The 52-week trading range was $5.30 to $30.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.