M&A
confidence high
sentiment neutral
materiality 0.60
ISS closes Aydin Displays acquisition; target FY2025 net sales $16.3M, net income $882K, H1 2026 net loss $69K
INNOVATIVE SOLUTIONS & SUPPORT INC
- Innovative Solutions and Support acquired Sparton Aydin, LLC (Aydin Displays) from Sparton Corp., a unit of Elbit Systems of America, closing July 21, 2026.
- Aydin FY2025: net sales $16.33M, gross profit $4.45M, net income $882K; H1 2026: net sales $7.30M, gross profit $1.47M, net loss $69K.
- Aydin balance sheet at June 30, 2026: total assets $28.87M, goodwill $10.33M, intangibles $3.00M, cash $1.43M; FY2025 operating cash flow $457K vs. H1 2026 use of $360K.
- Five customers accounted for 72% of FY2025 sales and 76% of H1 2026 sales; Aydin makes MIL-STD ruggedized displays 10" to 65" for ground, naval, airborne and ATC use.