issc

Innovative Solutions and Support, Inc. (ISSC) is a systems integrator specializing in the design, development, manufacturing, sales, and servicing of flight guidance, autothrottles, and cockpit display systems. Established in 1988 and headquartered in Exton, Pennsylvania, ISSC operates within the Aerospace & Defense industry, serving a diverse clientele that includes commercial air transport carriers, corporate and general aviation companies, the U.S. Department of Defense and its contractors, aircraft operators, modification centers, government agencies, foreign militaries, and original equipment manufacturers.

The company's mission is to enhance aviation safety and efficiency through innovative avionics solutions. ISSC's product portfolio encompasses air data products, flat panel displays, global positioning units, flight management systems, LPV navigators, standby instruments, utilities management systems, inertial reference units, communication and navigation products, and magnetic variation software.

Strategically, ISSC focuses on expanding its presence in the military aviation sector, aiming for military customers to constitute at least 40% of its revenue in fiscal year 2025. The company is investing in infrastructure enhancements, including the expansion of its Exton facility, projected to triple production capabilities upon completion in mid-2025. Additionally, ISSC is integrating products from its recent acquisition of Honeywell's product lines, positioning itself to capitalize on growth opportunities in military, commercial air transportation, and business aviation markets.

In the second quarter of fiscal year 2025, ISSC reported a 100% increase in revenue, driven by new military programs, notably the F-16 program, and contributions from legacy platforms. This revenue surge led to a 200% increase in EBITDA and a 300% rise in profit compared to the previous year. The company's backlog stood at approximately $80 million as of March 31, 2025, indicating strong business momentum. ISSC anticipates over 30% growth in both revenue and EBITDA for fiscal year 2025.

ISSC's technological platform is distinguished by its proprietary flight guidance and cockpit display systems, which integrate advanced air data computing devices, flat panel displays, and flight management systems. The company's commitment to innovation is evident in its continuous development of products that enhance flight safety and operational efficiency.

The leadership team is spearheaded by Chief Executive Officer Shahram Askarpour, who has been instrumental in driving the company's strategic initiatives and growth. In March 2024, ISSC appointed Jeffrey DiGiovanni as Chief Financial Officer, bringing extensive financial expertise to support the company's expansion plans.

The aerospace and defense industry is characterized by rapid technological advancements and stringent regulatory requirements. ISSC faces competition from established players such as Honeywell International Inc., Rockwell Collins, and Garmin Ltd., all of which offer a range of avionics solutions. To strengthen its market position, ISSC has engaged in strategic collaborations, including the acquisition of Honeywell's product lines, enhancing its product offerings and market reach.

Operationally, ISSC's expansion into the military sector and infrastructure investments are strategic moves to enhance its competitive edge. The company's focus on integrating acquired product lines and expanding production capabilities positions it to meet increasing demand and capture a larger market share.

Looking ahead, ISSC's strategic roadmap includes further expansion into military aviation, continued infrastructure development, and leveraging its technological expertise to innovate and meet evolving customer needs. The company's current strengths, including a robust product portfolio and strategic acquisitions, position it well to achieve these objectives.