Innovative Solutions & Support, Inc. Receives a $7.4 Million Order from the Department of Defense (DoD) for Air Data Equipment M
January 17 2006 - 4:12PM
Business Wire
The United States Department of Defense announced that Innovative
Solutions & Support, Inc. (NASDAQ:ISSC) was awarded a $7.4
million firm fixed price contract for digital air data computer,
altimeter and airspeed indicator modifications. The contracting
activity for this effort is with the 448th Combat Sustaining Wing,
Tinker Air Force Base, Oklahoma. Innovative Solutions &
Support's President, Roman Ptakowski, today said, "The order from
the Department of Defense underscores the Company position as a
leading supplier of Air data equipment to the military as well as
to commercial air transport and general aviation markets and that
the Company would begin delivering on this award in the 2nd
quarter." Innovative Solutions is a leading supplier of Air Data
equipment with certified solutions for Falcon, Cessna Citation,
Learjet, Gulfstream, Sabreliner, Raytheon King Air, Beechjet,
Westwind, Hawker and Challenger business aircraft. The Company also
has certified solutions for a wide variety of commercial air
transport aircraft including DC-8's, DC-9's, B-707's, B-727's, and
B-737's, as well as Military aircraft including A-10's, KC-135's,
RC-135's and C-130's. Headquartered in Exton, PA. Innovative
Solutions & Support, Inc. (www.innovative-ss.com) designs,
manufactures and markets flight information computers, flat-panel
displays and advanced monitoring systems that measure and display
critical flight information. This includes data relative to
aircraft separation, airspeed and altitude as well as engine and
fuel data measurements. Certain matters discussed in this news
release, including operating and financial results for future
periods, are forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ
materially, either better or worse, from those discussed including
other risks and uncertainties reflected in the Company's prospectus
and Form 10-K annual report on file with the SEC.
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