Innovative Aerosystems Acquires Moog' S-TEC® Model 3100 Autopilot Product Line, Expanding Flight Control Portfolio
Innovative Aerosystems (NASDAQ:ISSC) today announced it closed the acquisition of the Moog (NYSE:MOG) S-TEC® Model 3100 general aviation fixed wing autopilot product line, further strengthening the company's position as a leading provider of advanced avionics, flight control, and mission-critical aerospace systems for commercial, business, and military aircraft.
The acquisition expands Innovative Aerosystems' integrated flight control capabilities and enhances its ability to deliver modernized, mission-ready solutions across both legacy and next-generation platforms. By incorporating the proven autopilot technology into its growing portfolio, the company will provide customers with greater system integration, improved operational performance, and long-term lifecycle support.
"This acquisition represents another important step in our strategy to deliver fully integrated avionics and flight control solutions to the global aerospace market," said Shahram Askarpour, Chief Executive Officer of Innovative Aerosystems. "By adding this autopilot product line to our portfolio, we are expanding our flight control capabilities, strengthening long-term customer support, and creating new opportunities for integration across current and future platforms."
Innovative Aerosystems plans to maintain continuity of support for current customers while investing in future enhancements, certification expansion, and seamless integration with the company's broader avionics ecosystem, including advanced flight decks, autothrottle systems, mission computers, and display technologies.
The acquisition reflects Innovative Aerosystems' continued growth and commitment to U.S.-based engineering and manufacturing, reinforcing its role in strengthening the aerospace and defense industrial base while delivering innovative, high-reliability solutions to operators worldwide.
ABOUT INNOVATIVE AEROSYSTEMS
Headquartered in Exton, Pa., Innovative Aerosystems is a U.S.-based company specializing in the engineering, manufacturing, and supply of advanced avionic solutions. Its extensive global product reach and customer base span commercial, business and aviation and military markets, catering to both airframe manufacturers and aftermarket services for fixed-wing and rotorcraft applications. IA offers cutting-edge, cost-effective solutions while maintaining legacy product lines. The company is poised to leverage its experience to create growth opportunities in next-generation navigation systems, advanced flight deck and special mission displays, precise air data instrumentation, autothrottles, flight control computers, mission computers and software based situational awareness targeting autonomous flight. Supported by a robust portfolio of patents and the highest aircraft certification standards, IA is at the forefront of meeting the aerospace industry's demand for more sophisticated and technologically advanced products. For more information, please visit us at www.iascorp.com.
FORWARD LOOKING STATEMENT DISCLAIMER
In addition to the historical information contained herein, this press release contains "forward-looking statements" within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In this press release, the words "anticipates," "believes," "may," "will," "estimates," "continues," "anticipates," "intends," "forecasts," "expects," "plans," "could," "should," "would," "is likely", "projected", "might", "potential", "preliminary", "provisionally", "look forward" and similar expressions, as they relate to the business or to its management, are intended to identify forward-looking statements, but they are not exclusive means of identifying them. All forward-looking statements are based on management's current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation; statements about: our expected benefits from the appointment of a new director Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made. Because forward-looking statements are subject to assumptions, risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the Company's ability to efficiently integrate acquired and licensed product lines, including the Honeywell product lines, into its operations; a reduction in anticipated orders; an economic downturn; changes in the competitive marketplace and/or customer requirements; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the economic and business environments in which the Company operates. Such factors are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024, and subsequent reports filed with the Securities and Exchange Commission. Many of the factors that will determine the Company's future results are beyond the ability of management to control or predict. Readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements.
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Contact Information:
Paul Bartolai or Noel Ryan
ISSC@val-adv.com