Today in Philly Tech History 2/13/1988: Innovative Solutions & Support, Inc. celebrates twenty-fifth anniversary of its founding

February 13, 2013: Cockpit instrumentation systems integrator Innovative Solutions & Support, Inc. (IS&S) (NASDAQ:ISSC) celebrated the twenty-fifth anniversary of its founding in 1988.

The Exton-based company says it "has evolved from engineering and manufacturing CTR stand alone air data instruments to a systems integrator that produces large flat panel cockpit displays with Management System (FMS), GPS, Synthetic Vision (SVS), and Required Navigation Procedure (RNP) capabilities." Geoffrey Hedrick, founder, chairman and CEO of the Company, said in a statement that "“I am more optimistic than I have been in several years about the prospects for the Company as improving market conditions coincide with a number of new products designed for NextGen markets.”

In its last 12 months ending September 30 2012,, IS&S generated revenue of $24.6 million
and net income of $2.98 million. Its stock, currently at $4.37 per share, traded as high as $28 in 2007.




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