Innovative Aerosystems enters asset purchase, license agreement with Honeywell

Innovative Aerosystems (ISSC) entered into a an asset purchase and perpetual license agreement with Honeywell International (HON) for certain aftermarket parts, intellectual property, and program assets associated with select legacy Honeywell avionics product lines supporting the global Part 23 aircraft fleet. Under the terms of the agreement, ISSC acquired certain contracts, OEM and aftermarket production and repair, and critical operational assets such as specialized tooling and test equipment from Honeywell for supporting legacy navigation/communication radios, autopilot systems, multifunction displays, and transponder technologies installed across a wide range of general aviation aircraft. This strategic expansion strengthens Innovative Aerosystems’ ability to provide long-term sustainment, engineering support, and supply continuity for operators, maintainers, and OEM partners worldwide.