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Innovative Aerosystems: Still A Buy After Another Strong Quarter

Innovative Aerosystems delivered record Q3 revenue of $26.7M, demonstrating sustainable growth beyond acquisitions. Margins have recovered post-Honeywell integration, with Q3 gross margin at 51.7% and EBITDA margin within the 25-30% target range. Strong free cash flow and recent acquisitions, including Aydin Displays, support management's ambitious $250M revenue target for 2029.

Seeking Alpha • Sep 1, 2026

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