EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ:ISSC) announced today that the Company has been selected by Eclipse Aerospace to provide an advanced avionics suite for the production model Eclipse 550. Under this agreement, the Company will be the supplier of Primary Flight and Multi-Function Displays as well as the Integrated Flight Management (IFMS) and Electronic Flight Bag System. The advanced avionics suite will include dual flight management systems, auto throttles, synthetic vision and enhanced vision (FLIR).
The selection of Innovative Solutions and Support follows the announcement (http://www.eclipse.aero/news_indiv.php?id=26) at the NBAA show in Las Vegas of the resumption of production of the E550 business jet by Eclipse Aerospace and its partner, Sikorsky Aircraft Corp. (a subsidiary of United Technologies Corp.). Eclipse Aerospace expects to produce aircraft with deliveries beginning in 2013.
Innovative Solutions and Support expects this multi-year agreement to generate revenues in excess of $25 million in addition to the revenues from the ongoing retrofit upgrades of the existing Eclipse fleet of some 260 aircraft.
The Eclipse 550 will be a technologically advanced, twin-engine jet aircraft with a design that utilizes the same airframe and power plant as the popular EA-500 model, but includes significant innovations in most aircraft systems designed to improve overall operations, direct operating costs, technology, comfort and performance.
Innovative Solutions and Support’s President Roman Ptakowski stated, “We are pleased to have been chosen to partner with Eclipse Aerospace for the supply of the cockpit avionics for the 550. The Vantage Premier avionics suite is one of the most advanced cockpits available on any aircraft. The thirteen microprocessors in the IS&S displays control all major aircraft systems including Electronic Circuit Breakers, Radios, Transponders and Radars. FMS precision navigation, coupled auto-throttle, full VNAV, and Synthetic Vision give the Eclipse Twin-Engine Jet unrivaled performance. The aircraft specific synoptic pages provide for a graphical presentation and control of all major subsystems including calculations for Take-Off / Landing performance as well as weight and balance.”
The Integrated Flight Management System features include:
- Coupled WAAS/LPV Approaches
- Full RNP compliance to DO-236B with 0.1 nm precision
- Required Time of Arrival (4D trajectory to each waypoint)
- Fully coupled Flight Profile Performance Based VNAV
- Auto throttle Controls
- Dual Flight Management System with Synthetic DME capability
- Dual IS&S Beta 3 GPS Receivers
The Integrated Electronic Flight Bag features include:
- Airport Diagrams and Approach
Moving Maps with Overlay of :
- Flight Plan
- Airways (both High and Low)
- Runway Depictions
- Navigation Aids
- XM satellite weather supports all available weather services
- Electronic Checklists
- Display and Control of Enhanced Vision System
Video data is presented on the high resolution 15” LCD multifunction display.
The IS&S developed Independent Integrated Standby System is also featured in the Eclipse aircraft with an unmatched performance in stability and accuracy of attitude, heading and air data parameters.
Mr. Ptakowski continued, “This OEM agreement illustrates the value of Innovative Solutions & Support’s products. We design all of our products to meet the most stringent industry requirements as well as to easily accommodate foreseeable future needs. They are equally suitable for owners of both newly manufactured aircraft and aircraft in need of an upgrade. The Vantage Premier enhanced avionics suite is available for integration into other aircraft.”
About Innovative Solutions & Support, Inc.
Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. (www.innovative-ss.com), designs, manufactures, and markets flight information computers, electronic displays, and advanced monitoring systems that measure and display critical flight information. These systems include RVSM and airspeed, 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 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.
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