Boeing Military Aircraft selects Innovative Solutions & Support, Inc.'s Flat Panel Displays for Global 767 Tanker Transport Program.Business Editors/Hi-Tech Writers EXTON, Pa.--(BUSINESS WIRE)--Oct. 28, 2002 Boeing Military Aircraft has selected Innovative Solutions & Support, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ISSC ISSC International Ship Security Certificate ISSC Interstate Shellfish Sanitation Conference ISSC International Social Sciences Council ISSC Integrated Systems Solutions Corporation ISSC Information Systems Steering Committee ISSC Information Systems Sub-Committee ) to supply flat panel displays for its Global Tanker Transport Aircraft program. IS&S will design and manufacture the Pilot's Mission Display (PMD (Polarization Mode Dispersion) The type of dispersion that occurs in singlemode fiber due to a lack of perfect symmetry in the fiber and from external pressures on the cable. Light travels over singlemode fiber in two polarization states. ) as well as the Aerial Refueling Aerial refueling, also called Air refueling or in-flight refueling (IFR) or air-to-air refueling (AAR) or (in the UK) tanking. Note that AAR also stands for "After Action Review" (de-briefing) and in aviation, IFR also stands for Operator Control Display (AROCD). The PMD will provide selected video information directly to the pilots on the flight deck while the AROCD will provide refueling management and control information to the refueling operator. This multi-year agreement will include a minimum number of airplanes and is valued at approximately $10 million. In addition, substantial additional business is anticipated for this advanced technology tanker transport program in the global defense marketplace. IS&S is the leading RVSM RVSM Reduced Vertical Separation Minimums/Minima (aircraft) retrofit supplier to the military, commercial air transport, and business aviation markets. It has fitted over 1,500 RVSM systems to various aircraft types. In addition, IS&S manufactures the industry's largest flat panel cockpit display, designed to upgrade aircraft to the highest standards and more significant demands of today's cockpits. RVSM requires aircraft at high altitudes to fly closer to each other than they have in the past. This allows more aircraft to fly in the existing airspace, which increases airline efficiencies. RVSM saves millions of dollars per year through reduced fuel costs and more direct routing. The FAA has estimated over 6,000 aircraft will require air data system upgrades to fly in RVSM airspace. FAA planning has targeted December 2004 as the date for RVSM compliance in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . Europe, the North Atlantic, the Caribbean, and Asia have already implemented RVSM mandates. Innovative Solutions & Support is a publicly held company that trades on the NASDAQ National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors ISSC. For more information, contact IS&S at its design and manufacturing facility: Innovative Solutions & Support, 720 Pennsylvania Avenue, Exton, PA 19341 USA, 1-866-FLYRVSM, or visit our website at http://www.innovative-ss.com. |
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