Message #53 From:
Stock News Bot Date: January 16, 2007 06:33:00 AM
TXT News Innovative Solutions & Support, Inc. Announces Agreement with the Cessna Aircraft Company to Retrofit Legacy Citation Aircraft
EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ:ISSC) announced today the
Company has entered into an agreement with Cessna Aircraft Company, a
Textron Inc. (NYSE:TXT) company, to provide Flat Panel Display Systems
on legacy Cessna Citation aircraft. Flat Panel Display Systems will
replace existing round dials and displays and will be distributed and
installed through thirty-four Service Centers world wide.
Innovative Solutions and Support’s President
Roman Ptakowski today said, “The Company’s
Flat Panel Display System product line or cockpit/IP is the most timely
and cost effective way to upgrade legacy Citation aircraft with the
state-of-the-art technology offered in our systems. This agreement
further solidifies the success of the company’s
strategy for targeting select market segments.”
About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest
manufacturer of general aviation airplanes. In 2005, Cessna delivered
1,157 aircraft and reported revenues of about $3.5 billion. Since the
company was originally established in 1927, more than 187,000 Cessna
airplanes have been delivered to nearly every country in the world. The
global fleet of more than 4,500 Citations is the largest fleet of
business jets in the world. More information about Cessna Aircraft
Company is available at www.cessna.com.
Cessna is a Textron Inc. company.
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 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.
