Innovative Solutions & Support, Inc. Receives $4.0 Million Dollar Order From Airborne Express for Delivery Of RVSM Compliant Avionic Equipment for Their Fleet Of DC-8 and DC-9 Airplanes.Business Editors EXTON, Pa.--(BUSINESS WIRE)--May 7, 2002 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 ) today announced that Airborne Express has awarded the company an order to retrofit their DC-8 and DC-9 airplanes with RVSM RVSM Reduced Vertical Separation Minimums/Minima (aircraft) (Reduced Vertical Separation Minima Reduced Vertical Separation Minima or Minimum (RVSM) is an aviation term used to describe the reduction of the standard vertical separation required between aircraft flying at levels between FL290 (29,000 ft.) and FL410 (41,000 ft.) from 2,000 feet to 1,000 feet. ) compliant avionic equipment. When complete, the order for over eighty (80) aircraft will approximate $4.0 million in value. The program will conclude by the anticipated RVSM deadline of 12/31/2004. A spokesperson for Airborne Express said "Airborne Express has selected the IS&S Air Data Display Unit (ADDU AdDU Ateneo de Davao University ADDU Air Data Display Unit (avionics) ADDU Additional Duty ) and Analog Interface Unit (AIU) as the solution for its RVSM needs. This architecture is proven on numerous other programs in the Air Transport and Business Aviation markets. Including the Airborne Express fleet, IS&S will have over 850 aircraft with its proprietary RVSM equipment". In a statement made today, Geoffrey S.M. Hedrick, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said the company was very pleased Airborne Express placed their confidence in Innovative Solutions for their DC-8 and DC-9 fleet wide RVSM requirements. Further, that the company would commence delivery during the 2nd half of FY 2002. RVSM compliance requires highly accurate, independent sources of altitude information for operation between flight levels 290 and 410. The IS&S ADDU is a well-proven TSO'd solution that provides this precision and increased reliability. Headquartered in Exton, PA. Innovative Solutions & Support, Inc. (www.innovative-ss.com) designs, manufactures and markets flight information computers, electronic displays and advanced monitoring systems that measure and display critical flight information. This includes data relative to aircraft separation (RVSM, Reduced Vertical Separation Minimum), airspeed and altitude as well as engine and fuel data measurements. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion