IS&S acquires additional Honeywell product lines for $4.2M in cash

INNOVATIVE SOLUTIONS & SUPPORT INC

Licensed exclusive IP rights to manufacture, upgrade, and repair additional Honeywell communication and navigation products.
Acquired inventory and customer-related assets; expands presence in air transport, business aviation, and military markets.
Transaction complements prior license and asset acquisition from Honeywell completed in June 2023.
Company maintains strong liquidity with cash and credit facility to support operations and future acquisitions.
CEO Shahram Askarpour expects new product lines to drive incremental revenue and operational efficiencies.

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