IS&S Acquires Key Assets and Exclusive License from Honeywell

Author

Slice of Manufacturing Team
August 01, 2024

Key Highlights:

  • IS&S licenses additional Honeywell product lines.

  • Enhances offerings in air transport, business aviation, and military markets.

  • Strengthens operational capacity at Exton manufacturing facility.

Source (Business Wire)

Notable Quotes:

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“We are pleased by the opportunity to license these additional product lines from Honeywell, which is consistent with our growth strategy, and builds on the successful transaction completed last year.”

Shahram Askarpour, Chief Executive Officer at IS&S
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“The additional product lines licensed from Honeywell are complementary to our legacy product portfolio, consistent with the key pillars of our acquisition strategy.”

Jeff DiGiovanni, Chief Financial Officer at IS&S

Our Take:

The strategic acquisition and exclusive licensing agreement between IS&S and Honeywell underscores IS&S's commitment to enhancing its product portfolio and expanding its market reach. This move not only bolsters IS&S’s capabilities in manufacturing and repairing advanced Communication and Navigation systems but also aligns with their long-term growth strategy. By integrating these new assets, IS&S is poised to strengthen its presence in the air transport, business aviation, and military markets, while also maintaining a robust financial profile to support future acquisitions and operational expansion.