Innovative Solutions & Support, Inc. Receives Award from the National Nuclear Security Administration for the System Integrat...
July 27 2011 - 4:38PM
Business Wire
Today the National Nuclear Security Administration (NNSA) placed
an order valued at more than $5 million with Innovative Solutions
& Support, Inc. (NASDAQ: ISSC) for the complete Systems
Integration and Cockpit Avionics upgrade of their B737-400 classic
aircraft.
This initial order for retrofit of two (2) B737-400 aircraft
will provide NNSA full CNS/ATM capabilities and similar efficiency
and performance to the NG (Next Generation) at a fraction of the
cost. This integration effort eliminates legacy CRT displays and
avionics, leverages commercial off-the-shelf technology, and
provides a platform for future upgrades. Included in the effort are
enhanced FMS, TCAS, EGPWS, NexRad, SatCom, and ADS-B capabilities.
NNSA achieves:
- CNS/ATM mandate compliance
- Fleet standardization of the flight
deck
- Increased operational flexibility while
enhancing safety and efficiency.
- Improved dispatch availability and
component reliability.
- Significantly improved aircrew
situational awareness and reduced aircrew workload.
This program complements the IS&S FPDS contracted for more
than 400 B757/B767 aircraft with more than 100 aircraft already in
revenue service. The upgrade for the B737-300/-400/-500 series
aircraft as well as for the B757/B767 is a platform for compliance
with NextGen and SESAR requirements, is CPDLC, RNP, ADS-B, and
In-Trail capable, provides power and weight savings, and reduces
fuel consumption and CO2 emissions.
“We are pleased that NNSA has chosen Innovative Solutions and
Support to upgrade their aircraft,” said Roman Ptakowski, President
of Innovative Solutions & Support. “The Innovative Solutions
& Support Cockpit/IP™ is the most cost-effective solution to
upgrade legacy avionics with state-of-the-art technology.”
The Cockpit/IP for the B737 is an open architecture flat panel
display system that allows operators to upgrade their aircraft to a
glass flight deck while leaving third party avionics installed in
the aircraft. This design approach allows the operator to select
the best of breed new equipment and minimizes the cost and down
time of the upgrade.
This award adds to the more than $7.3 million in orders received
last quarter by IS&S for Integrated Flight Management Systems,
GPS receivers, Flat Panel Display Systems, and Air Data
products.
About Innovative Solutions & Support, Inc.
Headquartered in Exton, Pennsylvania, Innovative Solutions &
Support, Inc. (www.innovative-ss.com) is a systems integrator
engaged in the design, manufacture and marketing of Flat Panel
Display Systems, Air Data equipment, Flight Information Computers,
Engine and Fuel Measurement and Control Computers, and advanced
monitoring systems that measure and display critical flight
information. This includes data relative to aircraft separation,
airspeed and altitude as well as fuel and instrument
measurements.
Certain matters contained herein are “forward-looking” (as such
term is defined in the Private Securities Litigation Reform Act of
1995). Because such statements include risks and uncertainties,
actual results may differ materially from those expressed or
implied by such forward-looking statements. Factors that could
cause results to differ materially from those expressed or implied
by such forward-looking statements include, but are not limited to,
those discussed in filings made by the Company with the Securities
and Exchange Commission. Many of the factors that will determine
the Company’s future results are beyond the ability of management
to control or predict. Readers should not place undue reliance on
forward-looking statements, which reflects management’s views only
as of the date hereof. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise.
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