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).
Eclipse 550 (Photo: Business Wire)
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.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV