IS&S acquires exclusive license and assets for Honeywell product lines; expects FY2024 accretion

INNOVATIVE SOLUTIONS & SUPPORT INC

Acquired exclusive IP rights and assets for Honeywell Inertial, Communication, Navigation product lines.
Expects transaction to be accretive to EPS in fiscal 2024 with potential for further net income increases.
Secured new bank facilities to fund purchase price and maintain ample liquidity for operations.
Purchase price not disclosed; deal includes inventory, test, tooling, and other equipment.

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