Business & GA, Commercial

IS&S Signs 757 Retrofit Deal

By Tish Drake | December 11, 2007
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Innovative Solution & Support (IS&S), Exton, Pa., signed a contract worth up to $16 million to supply flat-panel cockpit displays for a fleet of Boeing 757s. The company said in its quarterly report the undisclosed international cargo carrier will pay a minimum of $6.8 million for the systems wit the option to increase that value to $16 million. For the fiscal year 2007, IS&S said its flat panel display system orders hit $55 million, an increase of nearly $37 million over the previous year. The company’s backlog was $70.4 million, with the flat-panel portion hitting $63.1 million, which was nearly 250 percent more than the previous year, the company said. The Eclipse 500, for which IS&S provides the flat-panel displays, has faced production delays as it switched from a single avionics provider to a team of providers. IS&S said in its filing the Eclipse 500 hardware deliveries did not materialize in the fourth quarter because the software certification was delayed, which negatively impacted the company’s fourth-quarter profits. Deliveries began this quarter, the company said.

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