IS&S acquires exclusive license for Honeywell military display generators and flight control computers for $14.2M

INNOVATIVE SOLUTIONS & SUPPORT INC

Acquired exclusive license for Honeywell's military display generators and flight control computers for $14.2M in cash.
Transaction includes exclusive IP rights, transfer of existing inventory, and assignment of certain contracts.
Increased bank credit facility to $35M with PNC Bank, maturing December 19, 2028, to finance the acquisition.
Acquisition expands IS&S's military aviation presence; company assumes repair, manufacturing, and upgrade responsibilities after transition.
CEO Shahram Askarpour cites strengthened position and operational efficiencies; PNC Bank provided support.

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