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Innovative Solutions and Support Q2 Earnings Call Highlights

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Innovative Solutions and Support (NASDAQ:ISSC) reported modest revenue growth for its fiscal second quarter as strength in commercial aerospace and business aviation offset a sharp year-over-year decline tied to the F-16 program.

Chief Executive Shahram Askarpour said the company’s “positive business momentum carried into the second quarter,” citing significant organic growth in commercial aerospace and business aviation, continued strength in bookings, strong margins and free cash flow conversion. The company said commercial and business aviation markets grew approximately 50% organically during the quarter.

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