Innovative Aerosystems with Revenue Target of $250 million - F-16 Fighter Jets and Autonomous Flying Deliver Growth Fantasy!
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Innovative Aerosystems is transforming from a component supplier to a system provider. Key components for commercial aircraft, fighter jets, and autonomous flying are being delivered. Revenues rose by almost 37% in the 1st quarter. Strong demand in the commercial aftermarket and government contracts in the defense sector provide tailwinds. The gross margin, improved to almost 55%, is expected to additionally benefit from the planned in-house production of subassemblies for the F-16 fighter jet. Pull-forward effects are expected...
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