Innovative Solutions & Support Completes Asset Acquisition/Disposition
Ticker: ISSC · Form: 8-K · Filed: Apr 2, 2026 · CIK: 0000836690
Sentiment: neutral
Topics: acquisition, disposition, material-agreement
TL;DR
ISSC just closed a deal on assets. Big changes ahead?
AI Summary
On March 27, 2026, Innovative Solutions & Support Inc. entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. The filing includes exhibits detailing this agreement and related financial statements.
Why It Matters
This filing indicates a significant corporate action, potentially altering the company's asset base and strategic direction.
Risk Assessment
Risk Level: medium — Acquisitions and dispositions inherently carry risks related to integration, valuation, and future performance.
Key Players & Entities
- Innovative Solutions & Support Inc. (company) — Filer
- 0000836690 (company) — CIK number
- 2026-04-02 (date) — Filing Date
- 2026-03-27 (date) — Period of Report
FAQ
What specific assets were acquired or disposed of by Innovative Solutions & Support Inc.?
The filing does not specify the exact assets involved in the acquisition or disposition, but refers to 'Entry into a Material Definitive Agreement' and 'Completion of Acquisition or Disposition of Assets' as key items.
What is the financial impact of this transaction on Innovative Solutions & Support Inc.?
The filing indicates that financial statements and exhibits related to the transaction are included, but the specific financial impact is not detailed in the summary text.
When was the material definitive agreement entered into?
The material definitive agreement was entered into on March 27, 2026, as indicated by the 'Period of Report'.
What are the key exhibits attached to this 8-K filing?
Key exhibits include EXHIBIT 2.1 and EXHIBIT 2.2, which likely detail the acquisition/disposition agreement, and EXHIBIT 99.1 and EXHIBIT 99.2, which may contain other relevant information or financial statements.
What is the business address of Innovative Solutions & Support Inc.?
The business address is 720 PENNSYLVANIA DRIVE EXTON PA 19341.
Filing Stats: 1,243 words · 5 min read · ~4 pages · Grade level 13.1 · Accepted 2026-04-02 09:00:18
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share ISSC Nasdaq Stock Market LL
- $22.0 million — hts to the Company for consideration of $22.0 million in cash. The Autopilot Agreement conta
- $8.0 million — cts to the Company for consideration of $8.0 million in cash. The Generators Agreement cont
Filing Documents
- tm2610809d1_8k.htm (8-K) — 36KB
- tm2610809d1_ex2-1.htm (EX-2.1) — 266KB
- tm2610809d1_ex2-2.htm (EX-2.2) — 266KB
- tm2610809d1_ex99-1.htm (EX-99.1) — 15KB
- tm2610809d1_ex99-2.htm (EX-99.2) — 15KB
- tm2610809d1_ex99-1img002.jpg (GRAPHIC) — 3KB
- tm2610809d1_ex99-2img001.jpg (GRAPHIC) — 3KB
- 0001104659-26-038902.txt ( ) — 908KB
- issc-20260327.xsd (EX-101.SCH) — 3KB
- issc-20260327_lab.xml (EX-101.LAB) — 33KB
- issc-20260327_pre.xml (EX-101.PRE) — 22KB
- tm2610809d1_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. Autopilot Asset Purchase and License Agreement On March 27, 2026, Innovative Solutions and Support, Inc. (the " Company ") entered into and closed the transactions contemplated by that certain Asset Purchase and License Agreement (the " Autopilot Agreement ") with Honeywell International Inc. (" Honeywell "). Pursuant to the Autopilot Agreement, Honeywell sold, assigned or licensed certain assets related to its general aviation autopilots and nav/com, multifunction display and transponder radios, granted exclusive and non-exclusive licenses to use certain Honeywell intellectual property related to its general aviation autopilots and nav/com, multifunction display and transponder radios to repair, overhaul, manufacture, sell, import, export and distribute certain products and granted certain other intellectual property rights to the Company for consideration of $22.0 million in cash. The Autopilot Agreement contains customary representations and warranties of Honeywell regarding Honeywell's authority to enter into the Autopilot Agreement, compliance with laws, and rights to its intellectual property and personal property. The Autopilot Agreement further contains customary representations and warranties of the Company, including regarding the Company's authority and sufficiency of funds to enter into the Autopilot Agreement. Further, the Autopilot Agreement contains covenants of the parties customary for a transaction of this type. Mutual indemnification obligations are provided for under the Autopilot Agreement, subject to limitations customary for a transaction of this kind. In connection with the Autopilot Agreement, the parties also entered into a Transition Services Agreement pursuant to which Honeywell will provide certain services to the Company, including technical support to assist the Company in its manufacture, repair and service of the products licensed from Honeywell. The foregoing description
01. Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
01. Other Events
Item 8.01. Other Events. Autopilot Press Release On April 2, 2026, the Company issued a press release announcing the Autopilot Agreement and the transactions contemplated. A copy of that press release is attached as Exhibit 99.1 to this report and incorporated herein by reference. Generators Press Release On April 2, 2026, the Company issued a press release announcing the Generators Agreement and the transactions contemplated. A copy of that press release is attached as Exhibit 99.2 to this report and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 2.1* + Asset Purchase and License Agreement, dated March 27, 2026, by and between Innovative Solutions and Support, Inc., and Honeywell International Inc. 2.2* + Asset Purchase and License Agreement, dated March 28, 2026, by and between Innovative Solutions and Support, Inc., and Honeywell International Inc. 99.1 Press Release, dated April 2, 2026. 99.2 Press Release, dated April 2, 2026. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the inline XBRL document. * Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish supplementally a copy of any omitted schedule or exhibit to the Securities and Exchange Commission upon request. + Certain portions of this exhibit have been omitted in accordance with Item 601(b)(2) of Regulation S-K. The Company will furnish supplementally an unredacted copy of this exhibit to the Securities and Exchange Commission upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. INNOVATIVE SOLUTIONS AND SUPPORT, INC. Date: April 2, 2026 By: /s/ Jeffrey DiGiovanni Jeffrey DiGiovanni Chief Financial Officer