Innovative Aerosystems announced today that it has entered into a development and purchase agreement with a leading developer of electric vertical takeoff and landing (eVTOL) aircraft, to develop the main display and avionics architecture based on the Company's Liberty Flight Deck.

Under the agreement, Innovative Aerosystems will provide the design, development, manufacturing, production, and delivery of the aircraft's main display system and supporting avionics architecture for integration into the customer's eVTOL programme. The collaboration combines the customers' expertise in advanced air mobility aircraft development with Innovative Aerosystems' proven experience in certified avionics, integrated flight decks, and mission-critical display technologies.

Innovative Aerosystems expects early engineering work to begin in late 2026, with initial production targeted for the second half of 2027. The Company expects to achieve run-rate production during 2028 in support of the customer's targeted 2028 full-scale commercial launch. The customer currently holds a total of over 400 eVTOL orders from partners. Based on current estimates, Innovative Aerosystems believes the total contract value could exceed $50 million for forward fit orders, with potential for additional aftermarket and services revenues.

"The advanced air mobility market represents one of the most exciting frontiers in aviation, and we are honored to be selected for this program," said Shahram Askarpour, Chief Executive Officer of Innovative Aerosystems. "Our expertise in integrated avionics architectures and display technologies, combined with our vertically integrated engineering and manufacturing capabilities, positions us to deliver a reliable, certifiable solution. This program reflects our continued focus on developing next-generation systems that enable safer, smarter, and more capable flight across both traditional and emerging aviation platforms."