Reflecting on a “tough year” for Innovative Solutions & Support, company officials nonetheless said they are confident that the Avio NG cockpit for the Eclipse 500 will be certified before year-end. An ongoing software development delay quashed any hopes of the Exton, Pa. company receiving payments from Eclipse for flat-panel displays and other Avio NG hardware this fiscal year, resulting in revenue targets falling short of expectations. “The shortfall in revenue was essentially due to a delay in achieving software certification on the Eclipse 500 flat-panel display system,” IS&S CFO James Reilly told analysts during a conference call this morning. “As a result, we were unable to recognize any Eclipse production hardware revenue in the quarter.” Reilly went on to say that software certification has since been completed and the company is working with Eclipse to establish a production hardware delivery schedule. S/N 105, the first Eclipse 500 with the full Avio NG cockpit installed, has been moving through the assembly line. Reilly said IS&S plans to deliver another 60 sets of hardware to Eclipse this month. Besides fitting Avio NG in all new production aircraft, Eclipse will retrofit the system to some 100 airplanes originally built with Avidyne avionics.
Avio NG Software Delay Hurts IS&S
- December 6, 2007, 11:37 AM