Innovative Solutions & Support IA

Innovative Solutions & Support, Inc. is a vertically integrated provider of flight solutions and equipment serving commercial air transport, general aviation, the U. S. Department of Defense, and allied foreign militaries. The company designs, develops, manufactures, sells, and services avionics products and systems for retrofit applications and original equipment manufacturers. Its offerings span integrated flight deck systems, navigation, communication, sensor and control, and advanced flight actuator technologies. By combining in house engineering with strategic acquisitions, Innovative Solutions & Support delivers end to end avionics solutions that enhance aircraft performance, safety, and compliance with evolving aviation standards. In October 2025, the company rebranded and adopted the trade name Innovative Aerosystems to reflect its expanded focus on integrated avionics solutions. In the fiscal year ended September 30, 2025, the company reported net sales of $84.3 million and net income of $15.6 million.

Revenue is generated primarily through the sale of avionics hardware and associated engineering services. The company’s product portfolio includes 5 categories: Integrated Flight Deck Systems (COCKPIT/IP®), Navigation Systems, Communication Systems, Sensors and Control Systems, and Advanced Flight Actuators. These products are sold to original equipment manufacturers for new aircraft production and to retrofit customers seeking to upgrade existing fleets. In addition, Innovative Solutions & Support provides design, integration, testing, and lifecycle support services under long term contracts with commercial airlines, cargo operators, business aviation owners, and defense contractors. The mix of product sales and service revenue supports the company’s growth in both the OEM and aftermarket segments. The firm’s backlog of $77.4 million at September 30, 2025, is expected to convert approximately 44% into revenue over the next 12 months and about 92% over the next 24 months.

The company operates through the following segment:

• Avionics Products and Systems: This segment designs, develops, manufactures, sells, and services avionics products and systems for retrofit applications and original equipment manufacturers, encompassing flight deck displays, navigation, communication, sensor, and actuator solutions.

Innovative Solutions & Support holds a competitive niche within the aerospace avionics market, distinguished by its vertically integrated model and deep systems integration expertise. Principal competitors include Honeywell Aerospace, Collins Aerospace, GE Aerospace, Thales Defense & Security, Inc., Elbit Systems, and Garmin Ltd. The company’s advantages stem from its ability to design, manufacture, test, and support products in house, which reduces time to market and enhances quality control. Its extensive patent portfolio, which includes 46 U. S. patents and 125 international patents as of September 30, 2025, protects core technologies such as flat panel displays and autothrottle systems. Additionally, long standing relationships with major OEMs like Boeing, Lockheed Martin, Pilatus, and Textron provide recurring revenue streams and barriers to entry for rivals. The firm’s retrofit application expertise allows it to upgrade aging aircraft with cost effective avionics that meet current aviation standards.

The company serves a diverse customer base that includes the U. S. federal government (Department of Defense, Department of Interior, Department of Homeland Security), Air Transport Services Group Inc., Amazon.com, Inc., American Airlines, Inc., Boeing, Deutsche Post DHL Group, FedEx Corporation, Icelandair, L3Harris Technologies, Inc., Lockheed Martin Corporation, Pilatus Aircraft, Sierra Nevada Corporation, Textron, and the Department of National Defense (Canada). Revenue is concentrated with a few key accounts; in fiscal year 2025, Lockheed Martin, Pilatus, and Boeing accounted for 36%, 8%, and 5% of total sales, respectively. These relationships span both original equipment supply and retrofit upgrade programs across commercial, military, and business aviation platforms.