2023-07-10 10:43:59 ET
- Innovative Solutions & Support ( NASDAQ: ISSC ) said on Monday that it has acquired key assets for certain Inertial, Communication and Navigation product lines from Honeywell International.
- The company is set to license the exclusive intellectual property rights to manufacture, upgrade and repair certain Honeywell Inertial, Communication and Navigation products.
- The purchased assets include existing inventory as well as test, tooling and other equipment required to manufacture, repair, and upgrade the products.
- The company expects the transaction to be accretive to the EPS in FY24.
- Source: Press Release
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Innovative Solutions & Support acquires assets from Honeywell International