nnovative Solutions & Support Announces Acquisition Of Additional Honeywell Product Lines; No Financial Terms Disclosed

Author: Benzinga Newsdesk | July 25, 2024 05:04pm

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), today announced it has entered into an exclusive license agreement and acquired additional key assets for certain Communication and Navigation product lines from Honeywell International, Inc. ("Honeywell"). This license complements the previous Honeywell license and asset acquisition completed in June 2023.

Under the agreement, IS&S will license the exclusive Intellectual Property rights to manufacture, upgrade and repair additional Honeywell Communication and Navigation products. The purchased assets include existing inventory required to manufacture, repair, and upgrade the products.

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