Innovative Aerosystems Selected to Develop Main Display and Avionics Architecture for Next-Generation eVTOL Aircraft

EXTON, Pa.--(BUSINESS WIRE)--Innovative Aerosystems (NASDAQ: ISSC) announced today that it has entered into a development and purchase agreement with a leading developer of electric vertical takeoff and landing (“eVTOL”) aircraft, to develop the main display and avionics architecture based on the Company’s Liberty Flight Deck.

Under the agreement, Innovative Aerosystems will provide the design, development, manufacturing, production, and delivery of the aircraft's main display system and supporting avionics architecture for integration into the customers eVTOL program. The collaboration combines the customers’ expertise in advanced air mobility aircraft development with Innovative Aerosystems' proven experience in certified avionics, integrated flight decks, and mission-critical display technologies.

Innovative Aerosystems expects early engineering work to begin in late 2026, with initial production targeted for the second half of 2027. The Company expects to achieve run-rate production during 2028 in support of the customers targeted 2028 full-scale commercial launch. The customer currently holds a total of over 400 eVTOL orders from partners. Based on current estimates, Innovative Aerosystems believes the total contract value could exceed $50 million for forward fit orders, with potential for additional aftermarket and services revenues.

"The advanced air mobility market represents one of the most exciting frontiers in aviation, and we are honored to be selected for this program," said Shahram Askarpour, Chief Executive Officer of Innovative Aerosystems. "Our expertise in integrated avionics architectures and display technologies, combined with our vertically integrated engineering and manufacturing capabilities, positions us to deliver a reliable, certifiable solution. This program reflects our continued focus on developing next-generation systems that enable safer, smarter, and more capable flight across both traditional and emerging aviation platforms."

ABOUT INNOVATIVE AEROSYSTEMS

Headquartered in Exton, Pa., Innovative Aerosystems is a U.S.-based company specializing in the engineering, manufacturing, and supply of advanced avionics solutions. Its extensive global product reach and customer base span commercial, business aviation, and military markets, serving both airframe manufacturers and aftermarket providers for fixed-wing and rotorcraft applications. IA offers advanced, cost-effective solutions while maintaining support for legacy product lines. The Company is positioned to leverage its experience to pursue growth opportunities in next-generation navigation systems, advanced flight deck and special mission displays, precision air data instrumentation, autothrottles, flight control computers, mission computers, and software-based situational awareness solutions supporting autonomous flight. Supported by a robust patent portfolio and the highest aircraft certification standards, IA is positioned to address the aerospace industry's demand for increasingly sophisticated and technologically advanced products. For more information, please visit us at www.iascorp.com.

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