Innovative Aerosystems, Inc., engages in the engineering, manufacturing, and supply of advanced avionic solutions. The company provides autothrottles; LPV Navigators; standby displays; COM/NAV/surveillance radio management systems; air data solutions; inertial reference systems; utilities management systems; and air data, attitude and heading reference systems. It also offers flat panel display systems, inertial reference systems, integrated global navigation systems, global positioning systems, c-130 engine instrument display systems, liberty flight deck, and communications/navigation products. The company serves business aircrafts, commercial airlines, military, virtual cp-pilots, and turbo prop. The company was formerly known as Innovative Solutions and Support, Inc. and changed its name to Innovative Aerosystems, Inc. in October 2025. Innovative Aerosystems, Inc. was incorporated in 1988 and is based in Exton, Pennsylvania.
Innovative Aerosystems Reports Third Quarter Fiscal 2026 Results
Innovative Aerosystems reported Q3 revenue of $26.7 million, up 10.7% year-over-year, driven by organic growth in commercial and business aviation markets despite prior-year F-16 headwinds.
Gross margin expanded significantly to 51.7% from 35.6%, contributing to GAAP net income of $4.5 million, or $0.25 per diluted share, compared to $2.4 million last year.
The company generated $12.3 million in free cash flow over the first nine months, bolstered by a backlog of $82.9 million and the recent acquisition of Aydin Displays.