By Katherine Hamilton
Shares of Innovative Solutions & Support climbed after the aviation-electronics company recorded higher quarterly revenue and shared a sales projection for 2029.
The stock rose 31%, to $14.36, midday Thursday. Shares are up 68% this year.
The company has made progress on its strategic efforts, which include corporate rebranding, developing new products and investing in information technology and business processes to improve sales.
It also introduced a long-term target of $250 million in revenue by fiscal 2029.
Sales rose 45%, to $22.2 million, in the fiscal fourth quarter, which ended Sept. 30. Profit rose to $7.1 million, or 39 cents a share, up from $3.2 million, or 18 cents a share, the year before.
The revenue growth was driven by momentum in military programs and revenue synergies from acquired Honeywell product lines, the Exton, Pa., company said.
Sales growth and a more favorable revenue mix drove profit.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 18, 2025 13:22 ET (18:22 GMT)
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