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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