N@N

Innovative Solutions & Support, Inc. Receives Orders Totaling over $12 Million During the Third Fiscal Quarter to Date

^{Published on 2010-06-14 12:00:19 - Market Wire}
 

EXTON, Pa.--([ BUSINESS WIRE ])--Innovative Solutions & Support, Inc. (NASDAQ:ISSC) announced $12 million of released orders during the current fiscal quarter to date ending June 30, 2010. Orders are for Cockpit Displays and Air Data products in the following market segments: Military - 58%, Commercial Air Transport - 37%, and General Aviation - 5%.

In the $12 million total are orders on platforms that have opportunity for significant, additional sales not included in these releases. In the Military segment is an order for a full Flight Deck retrofit of the C-130 aircraft. The Commercial Air Transport segment includes the previously announced release for $4 million for B757 Cockpit/IPa" Flat Panel Display Systems. Citation and VLJ releases continued in the GA segment.

We expect these releases and new orders will enter production in the next quarter and be substantially completed within the next eighteen months.

Management will provide further details regarding the orders and the business during the quarterly earnings conference call in late July.

About Innovative Solutions & Support, Inc.

Headquartered in Exton, PA., Innovative Solutions & Support, Inc. ([ www.innovative-ss.com ]) designs, manufactures and markets flat-panel display systems, flight information computers and advanced monitoring systems that measure and display primary and other critical flight information. This includes data relative to aircraft separation, airspeed and altitude as well as engine and fuel data measurements.

Certain matters contained herein that are not descriptions of historical facts are "forward-looking" (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially, for either better or worse, from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. Many of the factors that will determine the Company's future results are beyond the ability of management to control or predict. Readers should not place undue reliance on forward-looking statements, which reflects management's views only as of the date hereof. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.