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0 0 0.00631988332523087 0.00892075838599913 0.00145843461351488 0.063441905687895 0.0704910063198833 0.105979581915411
Stock impact report

Innovative Aerosystems Acquires License for Honeywell Power Generator Systems, Further Expanding Electrical Power and Sustainment Capabilities

Innovative Solutions and Support, Inc. (ISSC) 
US:NASDAQ Investor Relations: innovative-ss.com/investor-relations
Company Research Source: Business Wire
EXTON, Pa.--(BUSINESS WIRE)--Innovative Aerosystems (Nasdaq: ISSC), a U.S.-based company specializing in the engineering, manufacturing, and supply of advanced avionic solutions, announced today that it has acquired from Honeywell International Inc. (“Honeywell”) (NASDAQ: HON) an exclusive perpetual license covering unique and related parts, intellectual property, customer contracts, OEM and aftermarket production and repair, and program assets associated with Honeywell power generator systems supporting commercial and defense aircraft.Under the terms of the agreement, ISSC acquired key operational assets including specialized tooling, testing equipment, and technical data necessary to support Power Generators and Generator Control Units installed on Boeing 767 passenger and freighter aircraft, the KC-46 aerial refueling tanker, and the F-15 fighter platform.This strategic expansion strengthens Innovative Aerosystems’ ability to provide long-term sustainment, engineering support, Show less Read more
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