NEWS
Innovative Solutions & Support Announces Acquisition of Additional Honeywell Product Lines
Innovative Solutions & Support (Nasdaq: ISSC) has announced an exclusive license agreement and asset acquisition for additional Communication and Navigation product lines from Honeywell International.
This deal complements a previous transaction completed in June 2023. IS&S will gain exclusive rights to manufacture, upgrade, and repair these Honeywell products, along with existing inventory.
CEO Shahram Askarpour stated that this acquisition aligns with their growth strategy and will strengthen their offerings in air transport, business aviation, and military markets.
CFO Jeff DiGiovanni emphasized that the new product lines are complementary to their existing portfolio and consistent with their acquisition strategy. The company maintains a strong financial profile with ample liquidity to support operations and pursue further growth opportunities, including potential acquisitions.
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