Innovative Aerosystems (ISSC), a U.S.-based company specializing in the engineering, manufacturing, and supply of advanced avionic solutions, announced today that it has entered into a an asset purchase and perpetual license agreement with Honeywell International Inc. for certain aftermarket parts, intellectual property, and program assets associated with select legacy Honeywell avionics product lines supporting the global Part 23 aircraft fleet.

Under the terms of the agreement, ISSC acquired certain contracts, OEM and aftermarket production and repair, and critical operational assets such as specialized tooling and test equipment from Honeywell for supporting legacy navigation/communication radios, autopilot systems, multifunction displays (MFDs), and transponder technologies installed across a wide range of general aviation aircraft.

This strategic expansion strengthens Innovative Aerosystems’ ability to provide long-term sustainment, engineering support, and supply continuity for operators, maintainers, and OEM partners worldwide.

Management Commentary

“This transaction expands our integrated cockpit avionics solutions platform and enhances our full life-cycle support and engineering capabilities for a growing base of global aviation customers,” said Shahram Askarpour, Chief Executive Officer of Innovative Aerosystems. “These systems continue to play an important role in enabling safe navigation, communication, situational awareness, and automated flight operations for thousands of aircraft. Integrating this portfolio into our organization allows us to enhance reliability, improve service responsiveness, and invest in future modernization pathways,” concluded Askarpour.

Compelling Transaction Rationale

- Accelerates delivery of autonomous solutions. Legacy navigation/communications radios, autopilot systems, multifunction displays, and transponders serve as core operational enablers, supporting pilot workload reduction, regulatory compliance, traffic surveillance, route management, and mission effectiveness. With this acquisition, Innovative Aerosystems expands its ability to deliver integrated avionics autonomy solutions spanning flight decks, autothrottle systems, mission computers, air data technologies, and electrical power management.

- Expands customer base. This transaction strengthens Innovative Aerosystems’ ability to provide long-term sustainment, engineering support, and supply continuity for operators, maintainers, and OEM partners worldwide.

- Commercial synergy potential. Innovative Aerosystems plans to maintain continuity of support for current operators while leveraging its vertically integrated U.S. engineering and manufacturing capabilities to enhance product supportability, streamline repair turnaround times, and explore certification expansion and technology refresh opportunities across both new and existing customers.

- Furthers capabilities for integrated avionics platform. The agreement reflects the company’s ongoing strategy to build a comprehensive avionics ecosystem that bridges legacy platform sustainment with next-generation capability development, ensuring operators can maximize aircraft availability, safety, and long-term value.