Advanced Air Mobility (eVTOL)▲
Innovative Aerosystems Q3 net income rises to $4.5 million
Innovative Aerosystems reported third-quarter fiscal 2026 net income of $4.5 million, or $0.25 per diluted share, up from $2.4 million, or $0.14 per share, a year earlier. Net sales rose 10.7% to $26.7 million, driven by organic growth in commercial and business aviation markets, while gross margin expanded to 51.7% from 35.6%. Adjusted EBITDA increased approximately 75% to $7.7 million, and the company guided fourth-quarter revenue to between $28 million and $30 million. The company also announced a $50 million eVTOL contract with a leading Japanese developer, the acquisition of Aydin Displays, and a planned ticker change from ISSC to IA on August 18, 2026.