INNOVATIVE SOLUTIONS & SUPPORT INC — fact timeline

INNOVATIVE SOLUTIONS & SUPPORT INC reported fiscal second quarter ended March 31, 2026 results: revenue $22.4 million, net income $3.4 million, EPS $0.19 per diluted share.

“quarter financial results for the three-month period ended March 31, 2026. SECOND QUARTER FISCAL 2026 HIGHLIGHTS (all comparisons versus the prior year period) ​ ● Net sales of $22.4 million, +2.0% ● Gross profit of $11.4 million; gross margin of 51.1% ● Net Income of $3.4 million, or $0.19 per diluted share ● Adjusted Net Income (1) of $4.8 million, or $0.26 per”

INNOVATIVE SOLUTIONS & SUPPORT INC entered into Generators Asset Purchase and License Agreement with Honeywell International Inc. valued at $8.0 million in cash (effective 2026-03-28).

“On March 28, 2026, the Company entered into and closed the transactions contemplated by that certain Asset Purchase and License Agreement (the “ Generators Agreement ”) with Honeywell. Pursuant to the Generators Agreement, Honeywell sold, assigned or licensed certain assets related to its electronic generator and generator control unit for the F-15 and 767 tanker/freight platforms, including a sale of certain inventory, equipment and customer-related documents; an assignment of certain contracts; and a grant of exclusive and non-exclusive licenses to use certain Honeywell intellectual property related to its electronic generator and generator control unit for the F-15 and 767 tanker/freight platforms to repair, overhaul, manufacture, sell, import, export and distribute certain products to the Company for consideration of $8.0 million in cash.”

INNOVATIVE SOLUTIONS & SUPPORT INC entered into Autopilot Asset Purchase and License Agreement with Honeywell International Inc. valued at $22.0 million in cash (effective 2026-03-27).

“On March 27, 2026, Innovative Solutions and Support, Inc. (the “ Company ”) entered into and closed the transactions contemplated by that certain Asset Purchase and License Agreement (the “ Autopilot Agreement ”) with Honeywell International Inc. (“ Honeywell ”). Pursuant to the Autopilot Agreement, Honeywell sold, assigned or licensed certain assets related to its general aviation autopilots and nav/com, multifunction display and transponder radios, granted exclusive and non-exclusive licenses to use certain Honeywell intellectual property related to its general aviation autopilots and nav/com, multifunction display and transponder radios to repair, overhaul, manufacture, sell, import, export and distribute certain products and granted certain other intellectual property rights to the Company for consideration of $22.0 million in cash.”

INNOVATIVE SOLUTIONS & SUPPORT INC completed an acquisition involving Honeywell International Inc. for $8.0 million in cash (closed 2026-03-28).

“unit for the F-15 and 767 tanker/freight platforms to repair, overhaul, manufacture, sell, import, export and distribute certain products to the Company for consideration of $8.0 million in cash. The Generators Agreement contains customary representations and warranties of Honeywell regarding Honeywell’s authority to enter into the Generators Agreement,”

INNOVATIVE SOLUTIONS & SUPPORT INC completed an acquisition involving Honeywell International Inc. for $22.0 million in cash (closed 2026-03-27).

“to repair, overhaul, manufacture, sell, import, export and distribute certain products and granted certain other intellectual property rights to the Company for consideration of $22.0 million in cash. The Autopilot Agreement contains customary representations and warranties of Honeywell regarding Honeywell’s authority to enter into the Autopilot Agreement, compliance”

INNOVATIVE SOLUTIONS & SUPPORT INC incurred credit facility of up to USD $100.0 million with JPMorgan Chase Bank, N.A. at Adjusted Term Secured Overnight Financing Rate (“SOFR”) plus an applicable margi maturing five years following the date of the initial advance.

“On July 18, 2025, Innovative Solutions and Support, Inc. (the “Company”), its wholly-owned subsidiary Innovative Solutions and Support, LLC (“Borrower”) and certain domestic subsidiaries entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. (the “Bank”) and the other lender parties thereto, which Credit Agreement provides for the Bank to extend to the Borrower credit facilities in an aggregate principal amount of up to USD $100.0 million (the “Credit Facilities”)”

Denise Devine was appointed as independent director at INNOVATIVE SOLUTIONS & SUPPORT INC.

“appointed Denise Devine to serve as an independent director, effective immediately”

INNOVATIVE SOLUTIONS & SUPPORT INC completed an acquisition involving Honeywell International Inc. for $14.2 million in cash (closed 2024-09-27).

“Honeywell sold, assigned or licensed certain assets related to its various generations of military display generators and flight control computers, including a sale of certain inventory, equipment and customer-related documents; an assignment of certain contracts; and a grant of exclusive and non-exclusive licenses to use certain Honeywell intellectual property related to its various generations of military display generators and flight control computers to repair, overhaul, manufacture sell, import, export and distribute certain products to the Company for consideration of $14.2 million in cash.”

Garry C. Dean was appointed as Director at INNOVATIVE SOLUTIONS & SUPPORT INC.

“On May 16, 2024, Major General Garry C. Dean joined the Board of Directors (the “ Board ”) of Innovative Solutions and Support, Inc. (the “ Company ”) as an independent director for a term until the Company’s next annual meeting of shareholders or until his successor is duly elected and qualified or until his earlier death, disqualification, resignation or removal.”

INNOVATIVE SOLUTIONS & SUPPORT INC reported second quarter of fiscal 2024 quarter ended March 31, 2024 results: revenue $10.7 million, net income $1.2 million, EPS $0.07 per share.

“Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the second quarter of fiscal 2024, which ended March 31, 2024. For the second quarter of fiscal 2024, IS&S reported net sales of $10.7 million, up 46% from $7.3 million in the second quarter a year ago. The Company reported net income of $1.2 million, or $0.07 per share, compared to net income of $1.3 million, or $0.07 per share, in the second quarter of fiscal 2023.”

INNOVATIVE SOLUTIONS & SUPPORT INC shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-04-18 meeting.

“Proposal 3 : Ratification of Appointment of Independent Registered Public Accounting Firm For Against Abstain Broker Non-Votes 13,393,654 1,665,124 7,357 0 The Company’s shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024.”

INNOVATIVE SOLUTIONS & SUPPORT INC shareholders approved Approval of the Innovative Solutions and Support, Inc. Amended and Restated 2019 Stock-Based Incentive Compensation Plan at the 2024-04-18 meeting.

“Proposal 2 : Approval of the Innovative Solutions and Support, Inc. Amended and Restated 2019 Stock-Based Incentive Compensation Plan For Against Abstain Broker Non-Votes 10,005,844 421,160 8,111 4,631,020 The Company’s shareholders approved the adoption of the Innovative Solutions and Support, Inc. Amended and Restated 2019 Stock-Based Incentive Compensation Plan.”

INNOVATIVE SOLUTIONS & SUPPORT INC shareholders approved Election of Directors at the 2024-04-18 meeting.

“On April 18, 2024, Innovative Solutions and Support, Inc. (the “ Company ”) held its annual meeting of shareholders (the “ Annual Meeting ”).”

Relland M. Winand changed role as interim Chief Financial Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“transition of Relland M. Winand from the role of interim Chief Financial Officer, also effective as of April 8, 2024”

Jeffrey DiGiovanni was appointed as Chief Financial Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“announced the appointment of Jeffrey DiGiovanni to the position of Chief Financial Officer, effective as of April 8, 2024”

Parizad Olver departed as Director at INNOVATIVE SOLUTIONS & SUPPORT INC.

“On February 23, 2024, Parizad Olver (Parchi) notified the board of directors (the “Board”) of Innovative Solutions and Support, Inc. (the “Company”) of her decision not to stand for reelection to the Board at the expiration of her current term at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).”

INNOVATIVE SOLUTIONS & SUPPORT INC reported first quarter of fiscal 2024 ended December 31, 2023 results: revenue net sales of $9.3 million, up 43% from $6.5 million in the first quarter a year ago, net income net income of $1,057,350, or $0.06 per share, EPS or $0.06 per share.

“Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the first quarter of fiscal 2024, which ended December 31, 2023. For the first quarter of fiscal 2024, IS&S reported net sales of $9.3 million, up 43% from $6.5 million in the first quarter a year ago. The Company reported net income of $1,057,350, or $0.06 per share, increases of 51% and 50%, respectively, compared to $698,651, or $0.04 per share, in the first quarter of fiscal 2023.”

INNOVATIVE SOLUTIONS & SUPPORT INC received a nasdaq compliance regained notice regarding audit committee (rules 5605(c)(2)).

“January 31, 2024, Nasdaq issued a letter to the Company acknowledging the non-compliance described above and confirming that, subject to the satisfaction of applicable disclosure requirements, the Company has regained compliance with Nasdaq Listing Rule 5605(c)(2). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOVATIVE SOLUTIONS AND SUPPORT, INC. Date: February 2, 2024 By: /s/ Shahram Askarpour Shahram Askarpour Chief Executive Office”

INNOVATIVE SOLUTIONS & SUPPORT INC amended revolving credit of from $10,000,000 to $30,000,000 with PNC Bank, National Association at Daily SOFR plus an unadjusted spread of Applicable SOFR Margin plus a SOFR adjus maturing December 19, 2028.

“On December 19, 2023, Innovative Solutions and Support, Inc. (the “ Company ”) and PNC Bank, National Association (“ PNC ”) entered into an Amendment to Loan Documents (the “ Loan Amendment ”) and a corresponding Amended and Restated Revolving Line of Credit Note (“ Restated Line of Credit Note ”) and Amended and Restated Line of Credit and Investment Sweep Rider (the “ Restated Rider ”), to increase the aggregate principal amount available under the Company’s senior secured revolving line of credit from $10,000,000 to $30,000,000 and extend the maturity date until December 19, 2028.”

INNOVATIVE SOLUTIONS & SUPPORT INC amended Amendment to Loan Documents with PNC Bank, National Association valued at from $10,000,000 to $30,000,000 (effective 2023-12-19).

“On December 19, 2023, Innovative Solutions and Support, Inc. (the “ Company ”) and PNC Bank, National Association (“ PNC ”) entered into an Amendment to Loan Documents (the “ Loan Amendment ”) and a corresponding Amended and Restated Revolving Line of Credit Note (“ Restated Line of Credit Note ”) and Amended and Restated Line of Credit and Investment Sweep Rider (the “ Restated Rider ”), to increase the aggregate principal amount available under the Company’s senior secured revolving line of credit from $10,000,000 to $30,000,000 and extend the maturity date until December 19, 2028.”

INNOVATIVE SOLUTIONS & SUPPORT INC reported the fiscal year ended September 30, 2023 results: revenue Total revenues for the fiscal year ended September 30, 2023, were $34.8 million, net income Net income for fiscal 2023 was $6.0 million, or $0.35 per share, EPS $0.35 per share.

“Total revenues for the fiscal year ended September 30, 2023, were $34.8 million, up 26% from $27.7 million for the fiscal year ended September 30, 2022.”

INNOVATIVE SOLUTIONS & SUPPORT INC reported the fourth quarter and full fiscal year 2023, which ended September 30, 2023 results: revenue net sales of $13 million, net income net income of $2.6 million, or $0.15 per share, EPS $0.15 per share.

“its financial results for the fourth quarter and full fiscal year 2023, which ended September 30, 2023. For the fourth quarter of fiscal 2023, IS&S reported net sales of $13 million, up 79% from $7.3 million in the fourth quarter a year ago. The Company reported net income of $2.6 million, or $0.15 per share, increases of 63% and 67%, respectively, compared”

Relland M. Winand was appointed as interim Chief Financial Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“On November 8, 2023, Relland M. Winand was appointed as the interim Chief Financial Officer of the Company, effective immediately.”

Michael Linacre departed as Chief Financial Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“On November 8, 2023, Michael Linacre, Chief Financial Officer of Innovative Solutions and Support, Inc. (the “Company”), notified the Company that he is resigning from all of his positions with the Company, effective immediately.”

INNOVATIVE SOLUTIONS & SUPPORT INC entered into ATM Sales Agreement with Stifel, Nicolaus & Company, Incorporated valued at up to $40 million (effective 2023-09-22).

“On September 22, 2023, Innovative Solutions and Support, Inc., a Pennsylvania corporation (the “Company”), entered into an at-the-market equity offering Sales Agreement (the “ATM Sales Agreement”) with Stifel, Nicolaus & Company, Incorporated (the “Sales Agent”), pursuant to which the Company may offer and sell from time to time through the Sales Agent up to $40 million of shares of its common stock”

INNOVATIVE SOLUTIONS & SUPPORT INC completed an acquisition involving Honeywell International Inc. (closed 2023-06-30).

“On July 7, 2023, Innovative Solutions and Support, Inc. (the " Compan y") filed a Current Report on Form 8-K reporting that on June 30, 2023 the Company entered into and closed the transactions contemplated by that certain Asset Purchase and License Agreement with Honeywell International Inc. (" Hone y well "), pursuant to which Honeywell sold, assigned or licensed certain assets related to its legacy inertial, communication and navigation product lines (the " Acquired Business ").”

INNOVATIVE SOLUTIONS & SUPPORT INC reported third quarter of fiscal year 2023, which ended June 30, 2023 results: revenue $8.0 million, net income $1.4 million, EPS $0.08 per share.

“Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal year 2023, which ended June 30, 2023. For the third quarter of fiscal 2023, net sales increased 14.8% to $8.0 million compared to $6.9 million in the third quarter a year ago.”

INNOVATIVE SOLUTIONS & SUPPORT INC completed an acquisition involving Honeywell International Inc. for $36 million in cash (closed 2023-06-30).

“inertial, communication and navigation product lines to repair, overhaul, manufacture sell, import, export and distribute certain products to the Company for consideration of $36 million in cash. The Agreement contains representations, warranties and covenants of the parties customary for a transaction of this type. The foregoing description of the Agreement”

INNOVATIVE SOLUTIONS & SUPPORT INC amended Amendment to Loan Documents with PNC Bank, National Association valued at aggregate principal amount of $20,000,000 (effective 2023-06-28).

“On June 28, 2023, in connection with the transactions contemplated by the Agreement and the payment of the consideration contemplated therein, the Company and one of its subsidiaries entered into an Amendment to Loan Documents (the “ Loan Amendment ”) with PNC Bank, National Association (the “ PNC ”), which amends certain terms of that certain Loan Agreement entered into by the parties on May 11, 2023 (the “ Loan Agreement ” and, as amended, the “ Amended Loan Agreement ”) and (ii) a corresponding Term Note in favor of PNC (the “ Term Note ”), which together provide for a senior secured term loan in an aggregate principal amount of $20,000,000, with a maturity date of June 28, 2023 (the “ Term Loan ”).”

INNOVATIVE SOLUTIONS & SUPPORT INC entered into Asset Purchase and License Agreement with Honeywell International Inc. valued at $36 million in cash (effective 2023-06-30).

“On June 30, 2023, Innovative Solutions and Support, Inc. (the “ Company ”) entered into and closed the transactions contemplated by that certain Asset Purchase and License Agreement (the “ Agreement ”) with Honeywell International Inc. (“ Honeywell ”).”

INNOVATIVE SOLUTIONS & SUPPORT INC reported fiscal second quarter ended March 31, 2023 results: revenue $7.3 million, net income $1.3 million, EPS $0.07 per share.

“For the second quarter of fiscal 2023, net sales increased 7.2% to $7.3 million compared to $6.8 million in the second quarter a year ago. Gross profit in the second quarter of 2023 was $4.7 million, or 64.6% of sales, compared to $4.2 million, or 61.1% of sales in the second quarter of 2022. The Company reported net income of $1.3 million, or $0.07 per share in the second quarter, compared to $1.4 million, or $0.08 per share in the second quarter of fiscal 2022.”

INNOVATIVE SOLUTIONS & SUPPORT INC: Filed Articles of Amendment to amend the Amended and Restated Articles of Incorporation (effective 2023-04-17).

“On April 17, 2023, following the approval of a proposed amendment to the Amended and Restated Articles of Incorporation (the “ Charter ”) of Innovative Solutions and Support, Inc. (the “ Company ”) by the Company’s shareholders at the Company’s 2023 Annual Meeting of Shareholders (the “ Annual Meeting ”), as further described in the Company’s Proxy Statement on Schedule 14A, which was filed with the U.S. Securities and Exchange Commission on February 24, 2023 (such amendment, the “ Amendment ” and such Proxy Statement, the “ Proxy Statement ”), the Company filed Articles of Amendment with the Department of State of the Commonwealth of Pennsylvania (the “ Department ”) in order to give effect to the Amendment.”

INNOVATIVE SOLUTIONS & SUPPORT INC shareholders approved Advisory Vote on Executive Compensation (Say-On-Pay) at the 2023-04-13 meeting.

“Advisory Vote on Executive Compensation (Say-On-Pay) The Company’s shareholders approved the resolution”

INNOVATIVE SOLUTIONS & SUPPORT INC shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-04-13 meeting.

“The Company’s shareholders ratified and approved the appointment of Grant Thornton LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending September 30, 2023 as follows: For Against Abstain Broker Non-Votes 16,465,038 31,286 27,139 0”

INNOVATIVE SOLUTIONS & SUPPORT INC shareholders voted on Election of Directors at the 2023-04-13 meeting.

“Name For Withheld Broker Non-Votes Shahram Askarpour 13,980,798 488,651 2,054,014 Roger A. Carolin 7,870,550 6,598,899 2,054,014 Glen R. Bressner 10,232,070 4,237,379 2,054,014 Stephen L. Belland 10,284,422 4,185,027 2,054,014 Parizad Olver (Parchi) 10,435,419 4,034,030 2,054,014 Mr. Winston J. Churchill did not receive a majority of the votes cast”

INNOVATIVE SOLUTIONS & SUPPORT INC shareholders approved Proposed Amendment to the Amended and Restated Articles of Incorporation of the Company at the 2023-04-13 meeting.

“The Amendment received the required vote of 65% of the Company’s issued and outstanding shares and was therefore approved by the Company’s shareholders as follows: For Against Abstain Broker Non-Votes 11,556,358 2,894,310 18,781 2,054,014”

INNOVATIVE SOLUTIONS & SUPPORT INC reported the fiscal year ended September 30, 2022 results: revenue $27.7 million, net income $5.5 million, EPS $0.32 per share.

“Total sales for the fiscal year ended September 30, 2022, were $27.7 million up 20.4% compared to $23.0 million for the fiscal year ended September 30, 2021. Operating income of $6.0 million was up 54.5% from $3.9 million in fiscal 2021. Net income for fiscal 2022 was $5.5 million, or $0.32 per share, compared to $5.1 million, or $0.29 per share, in fiscal 2021.”

INNOVATIVE SOLUTIONS & SUPPORT INC reported the fourth quarter of fiscal 2022 ended September 30, 2022 results: revenue $7.3 million, net income $1.6 million, EPS $0.09 per share.

“For the fourth quarter of fiscal 2022, IS&S reported net sales of $7.3 million, up 5.7% as compared to $6.9 million in the fourth quarter a year ago. The Company reported net income of $1.6 million, or $0.09 per share, an increase of 2.9% compared to $1.5 million, in the fourth quarter of fiscal 2021.”

Michael Linacre was appointed as Chief Financial Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“appointment of Michael Linacre as Chief Financial Officer, effective immediately upon such retirement.”

Relland M. Winand retired as Chief Financial Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“retirement of Relland M. Winand as Chief Financial Officer, effective July 15, 2022”

Parizad Olver was appointed as director at INNOVATIVE SOLUTIONS & SUPPORT INC.

“On June 22, 2022, Innovative Solutions and Support, Inc. (the “Company”) issued a press release announcing the appointment of Ms. Parizad Olver (Parchi), as a director of the Company, effective June 22, 2022”

Stephen L. Belland was appointed as Director at INNOVATIVE SOLUTIONS & SUPPORT INC.

“announcing the appointment of Mr. Stephen L. Belland, as a director of the Company, effective June 7, 2022”

Relland M. Winand departed as Chief Financial Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“Relland M. Winand has notified the Board of Directors of Innovative Solutions and Support, Inc. (the “Company”) of his intention to retire as Chief Financial Officer of the Company.”

Robert E. Mittelstaedt, Jr. resigned as director at INNOVATIVE SOLUTIONS & SUPPORT INC.

“On April 29, 2022, Robert E. Mittelstaedt, Jr. notified the Board of Directors of Innovative Solutions and Support, Inc. (the “Company”) of his resignation as a director of the Company, effective as of April 29, 2022.”

Shahram Askarpour was appointed as Director at INNOVATIVE SOLUTIONS & SUPPORT INC.

“On January 28, 2022, Innovative Solutions and Support, Inc. (the “ Company ”) appointed Dr. Shahram Askarpour, the Company’s President and Chief Executive Officer, as a director of the Company, effective January 28, 2022”

Dr. Shahram Askarpour was appointed as Chief Executive Officer at INNOVATIVE SOLUTIONS & SUPPORT INC.

“Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On January 14, 2022, Innovative Solutions and Support, Inc. (the “ Company ”) issued a press release announcing the appointment of Dr. Shahram Askarpour, the Company’s President, as the Company’s Chief Executive Officer.”