Record Growth in Revenue and EBITDA
IS&S achieved over 30% growth in revenue and adjusted EBITDA in 2024, with net income rising by 16% to $7 million and EBITDA up by 36% to $12 million.
Strategic Acquisition from Honeywell
IS&S acquired key assets from Honeywell's military display generators and flight control computers for $14 million, enhancing cross-selling opportunities and expanding capabilities.
Launch of IS&S [Next] Strategy
The company introduced a new long-term value creation strategy focusing on commercial growth, improved operating leverage, and disciplined capital allocation.
Strong Military Segment Performance
Significant growth in military contracts, including a new foreign military platform with a major aerospace OEM and U.S. Army's selection of ThrustSense Autothrottle system.
Increase in Manufacturing Capacity
A $6 million facility expansion planned to double manufacturing capacity, aimed at supporting higher sales volumes and future acquisitions.