# Innovative Solutions & Support

Innovative Solutions & Support is an Asset Manager based in Exton, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Exton, United States
- **Region:** North America
- **Address:** Exton, PA, United States
- **Founded:** 1988
- **Assets under management:** Undisclosed
- **Website:** innovative-ss.com

## Regulatory record

- **Reports private funds:** No

## About

Geoffrey Hedrick, an instrument-rated pilot and electrical engineer, launched the company in 1988 to modernize the flight decks of aging aircraft with digital avionics suites. Early contracts with the U.S. Air Force for C-130 and KC-135 cockpit upgrades established IS&S as a specialist in air-transport category retrofits. The firm remains headquartered in Exton, Pennsylvania, where it designs, certifies, and manufactures its flat-panel displays, air data computers, and integrated flight management systems. IS&S generates revenue across three distinct lines: production contracts for OEM installs, aftermarket retrofit orders for operational aircraft, and long-term engineering support accounts. The company's flagship ThrustSense autothrottle system on the Pilatus PC-12 and King Air platforms brought full-airframe-parachute-integrated power management to single-pilot operators. Its flat-panel display system serves as a direct replacement for cathode-ray tube instruments on classic Boeing 757 and 767 freighters, with FedEx and other cargo operators among the disclosed end users. On the defense side, the U.S. Air Force, Air National Guard, and foreign military sales customers sustain modernization programs for the E-3 AWACS, C-5 Galaxy, and E-2 Hawkeye using IS&S hardware. IS&S operates as a publicly traded corporation under the ticker ISSC on the Nasdaq, with Shahram Askarpour serving as CEO. The firm publishes quarterly financial statements that detail its book-to-bill ratio and backlog, which stood at approximately $7 million as of late fiscal-year 2024. Total headcount is reported in the low hundreds, spanning engineering, FAA-certified software development, and manufacturing. The company has not disclosed AUM or an institutional investment mandate; it is a manufacturing and engineering business rather than an asset manager. A structural differentiator for IS&S is its independence from the major cockpit prime contractors like Honeywell, Collins Aerospace, and Garmin. It competes directly with those incumbents for FAA and EASA supplemental type certificates on retrofit programs, often pairing its hardware with a third-party autopilot to deliver an integrated replacement for legacy flight systems at a lower price point. The company's strategy of targeting end-of-life support vacuums — where original equipment manufacturers stop producing spare cathode-ray tubes — creates a durable recurring market among fleet operators.

## Sectors

- Industrial Tech
- Aerospace & Defense

## People

- Geoffrey S. M. Hedrick — Founder & Chairman
- Shahram Askarpour — Chief Executive Officer

## Questions

### What does Innovative Solutions & Support manufacture?

IS&S designs and produces flat-panel integrated flight displays, Utility Management Systems, air-data computers, and autothrottle systems. Its products replace older electromechanical and cathode-ray tube instruments on legacy aircraft. Recent programs include a complete cockpit upgrade for the C-5 Galaxy and the ThrustSense autothrottle for the King Air turboprop.

### Who are its primary customers?

The U.S. Air Force, Air National Guard, and foreign military services through Foreign Military Sales programs. On the commercial side, cargo carriers like FedEx and fractional and charter operators of the Pilatus PC-12 and Beechcraft King Air fleets are known end-users.

### How does IS&S compete with major aerospace suppliers?

IS&S develops Federal Aviation Administration and European Union Aviation Safety Agency supplemental type certificates that let operators swap original-equipment instruments for IS&S flat-panel units. It often competes on price and form-factor compatibility, targeting aircraft whose original displays are no longer supported by Honeywell or Collins Aerospace.

### Does IS&S disclose assets under management or an investment portfolio?

No. As an industrial manufacturer, IS&S reports a standard balance sheet — including cash, backlog, and quarterly product revenue — but has never disclosed AUM because it does not manage third-party capital or operate an investment mandate.

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Last updated: 2026-06-03T20:00:00.000Z

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