IS&S sees bright spots amid economic gloom
Innovative Solutions and Support (IS&S) is featuring its latest integrated cockpit avionics systems at its NBAA booth (No. 4443), including new flat-panel cockpit and RNP products.
The publicly held company recently reported encouraging financial news. For 2010’s third quarter, Exton, Pa.-based IS&S reported revenue of $7.8 million, a $2.4 million increase over the preceding quarter. Third-quarter net income of $1.39 million represented a 17.8-percent profit margin and a 19.2-percent improvement over the 2009 third quarter.
Geoffrey Hedrick, the company’s chairman and CEO, commented, “We are pleased to report improvement in top- and bottom-line performance despite the continued sluggish economy. Our margins in the quarter were up from the year ago period on incrementally higher revenues.”