Innovative Solutions and Support reported fiscal third quarter results for the period ended June 30, 2026, with net sales of $26.7 million, a 10.7% increase year-over-year. The company generated gross profit of $13.8 million (51.7% margin) and net income of $4.5 million, or $0.25 per diluted share. Adjusted net income was $6.0 million ($0.33 per diluted share), and adjusted EBITDA rose 74.7% to $7.7 million. Operating cash flow for the first nine months reached $15.5 million, yielding free cash flow of $12.3 million. The company completed its acquisition of Aydin Displays in July 2026 and announced a ticker symbol change to 'IA'. Backlog stood at $82.9 million with new orders of $22.7 million for the quarter. Innovative Aerosystems is a provider of advanced avionic solutions for commercial, business, and military aviation markets.

Innovative Solutions and Support, Inc. acquired Aydin Displays (Sparton Aydin, LLC) for $24.5 million in cash, funded through borrowings under its existing credit facility with J.P. Morgan Chase Bank, N.A. Aydin is expected to generate approximately $16 million in revenue for calendar 2026. The company operates in the aerospace and defense industry, providing advanced avionics solutions and ruggedized display technologies.