Innovative Aerosystems (ISSC) designs, manufactures, and sells avionics products and systems for commercial airlines, business aviation, and military aircraft from a single facility in Exton, Pennsylvania. Core products include integrated flight deck systems, navigation and communication systems, sensors and control systems, and the ThrustSense Autothrottle — a patented system that automatically controls engine power for turboprop aircraft. The company sells into two channels: the retrofit market (upgrading avionics on existing aircraft) and the OEM market (supplying components under multi-year contracts to manufacturers like Pilatus, Textron, and Boeing). Key customers include Lockheed Martin (36% of FY25 revenue, primarily for F-16 avionics), Pilatus (8%), and Boeing (5%). Revenue is split roughly 63% product sales and 37% service (MRO and engineering). A core element of Innovative Aerosystems' growth strategy is acquiring product lines from larger avionics companies — primarily Honeywell — insourcing manufacturing into Exton, and cross-selling to acquired customer bases. The company targets 25-30% EBITDA margins at scale, and completed a 40,000 sq ft facility expansion in mid-2025 that management believes can support up to $250M in revenue. Organic growth initiatives include the Liberty Flight Deck, a customizable integrated cockpit system targeting certification in 2027, and the UMS2, a next-generation utility management system with AI capabilities targeting Pilatus and broader markets.