Business Services Industry
Innovative Solutions & Support, Inc. receives $1.1 million order for delivery of RVSM avionic equipment
Business Wire, Oct 26, 2005
EXTON, Pa. -- On October 14th Innovative Solutions & Support, Inc. (NASDAQ:ISSC) announced that Genesis 3 Engineering, Inc. awarded the company a $1.1 million order in September for RVSM equipment on Falcon 20 airplanes.
Innovative Solutions is a leading supplier of RVSM equipment with certified solutions for Falcon airplanes as well as certified solutions for many other business aircraft including Citation, Learjet, Gulfstream, Sabreliner, Raytheon, Westwind, Halker and Challenger.
RVSM has been implemented throughout most of the high traffic airspace in the world. The FAA Domestic RVSM (DRVSM), compliance date, which Canada has also chosen to adopt, was January 20, 2005.
Headquartered in Exton, PA. Innovative Solutions & Support, Inc. (www.innovative-ss.com) designs, manufactures and markets flight information computers, flat-panel displays and advanced monitoring systems that measure and display critical flight information. This includes data relative to aircraft separation (RVSM, Reduced Vertical Separation Minimum), airspeed and altitude as well as engine and fuel data measurements.
Certain matters discussed in this news release, including operating and financial results for future periods, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, either better or worse, from those discussed including other risks and uncertainties reflected in the Company's prospectus and Form 10-K annual report on file with the SEC.
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