8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 10, 2008

INNOVATIVE SOLUTIONS AND SUPPORT, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania	000-31157	23-2507402
(State or other jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

720 Pennsylvania Drive

Exton, Pennsylvania 19341

(Address of principal executive offices)  (Zip Code)

(610) 646-9800

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.   Regulation FD Disclosure

Attached as exhibit 99.1 and furnished for purposes of Regulation FD is an Investor Presentation to be given by Innovative Solutions and Support, Inc. at the Needham Tenth Annual Investor Conference that will be held January 9-11, 2008 in New York, New York. The presentation in question will be given on January 11, 2008 at 8:00 am EST.

The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Item 9.01.  Financial Statements and Exhibits.

(d)  Exhibits

Exhibit No.	Description
99.1	Innovative Solutions and Support, Inc. Investor Presentation

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	INNOVATIVE SOLUTIONS AND SUPPORT, INC.
Date:  January 10, 2008		By:	/s/ James J. Reilly
			James J. Reilly
			Chief Financial Officer

3

EXHIBIT INDEX

Exhibit No.	Description
99.1	Innovative Solutions and Support, Inc. Investor Presentation

4

EX-99.1

Exhibit 99.1

1 Innovative Solutions & Support NASDAQ: ISSC Needham 10th Annual Investor Conference

Innovative Solutions & Support Proprietary Information 2 SAFE HARBOR STATEMENT This presentation includes forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and our actual experience may differ materially, either better or worse, from that anticipated in such statements. Factors that may cause differences include those discussed in our filings with the Securities and Exchange Commission, including but not limited to our most recent Form 10-K, proxy statement and Form 10-Q.

Innovative Solutions & Support Proprietary Information 3 Company Description Leading Provider of air data equipment and advanced flight monitoring systems that measure and display critical flight information – especially Flat Panel Display Systems (FPDS, Cockpit/IP™) Started: 1988 NASDAQ: ISSC Market Cap: $154 Million FYE: September 30 Overview Serving: A large and growing domestic and international markets OEM and Aftermarket Commercial, Military, and Business Aviation Representative Contracts: FedEx US DoD American Airlines Eclipse Boeing Cessna Aircraft Company Experienced and accomplished management team Value of Current Backlog > $70 Million Strong Balance Sheet

Innovative Solutions & Support Proprietary Information 4 • Aircraft industry completely shifting from traditional “steam gauge” to new electronic instrument displays • Flat panels are “The Standard” on new aircraft production • Obsolescence creating large retrofit opportunity • FPD Advantages • Flexibility • Reduces cost of operation (e.g. fuel savings) • Expandable Growth Platform • Presents additional information to flight crews • Speeds compliance with current and future regulatory requirement (e.g. ADS-B) • Improves dispatch reliability • Reduces cost of aging equipment (MRO) Flat Panel Displays Current Focus is Flat Panel Displays (FPDs)

Innovative Solutions & Support Proprietary Information 5 Flat Panel Displays IS&S FPDs • Low Cost provider – Compelling economics – Less expensive upgrade to maintain • Shortest downtime to upgrade – Less than 3 days for B757/B767 retrofit • Operational savings – Dispatch relief – Simplified training program • Growth Platform – IS&S proprietary technology allows rapid and inexpensive software implementation and certification

Innovative Solutions & Support Proprietary Information 6 Flat Panel Displays Existing Retrofit Contracts • American Airlines • FedEx • Cessna Aircraft C-130 Before C-130 After • ABX Air • Boeing • Royal Air Force Retrofit contracts lead to follow on FPD sales with other operators

Innovative Solutions & Support Proprietary Information 7 FPD Retrofit Programs Flat Panel Displays Plan to ship approximately $15 Million of current backlog in FY08 Program Marshall Aerospace American Airlines DoD FedEX Pilatus PC12 Cessna Aircraft B737 Anticipated Shipments/Status 7 FPD Systems in Q3-Q4 FY08 5 FPD Systems Q2-Q4 FY08 60 to 80 20” FPDs Q2 - Q4 FY08 4 to 8 EIDS Systems Q2 - Q4 FY08 12 FPD Systems Q2 - Q4 FY08 8 to 12 FPD Systems Q2 - Q4 FY08 STC Expected Q4 FY08 STC Expected FY 09

Innovative Solutions & Support Proprietary Information 8 Eclipse Aviation Program Status • December 06 – entered into a five-year agreement with Eclipse Aviation as the exclusive supplier of Primary Flight and Multi-Function FPDs • Eclipse announced orders exceeding 2,500 aircraft and • IS&S revenue potential exceeds $100 Million over life of agreement Flat Panel Displays • NOT INCLUDED IN BACKLOG (except for rolling 2 month production release) • Eclipse certified IS&S FPDs as part of the Avio NG Total Aircraft Integration System on December 21, 2007 • Fastest certification of a FPD System for an aircraft OEM • Shipped 58 shipsets to Eclipse Aviation in December 2007

Innovative Solutions & Support Proprietary Information 9 Market Opportunity • Due to numerous advantages, large FPD retrofit market evolving: – Commercial (11,000 + units) $2.6 billion – Military (8,000 + units) $1.9 billion – Business Aviation (12,000 + units) $2.8 billion • OEM Market (e.g. Eclipse) increases overall addressable market size Positioned for Growth

Innovative Solutions & Support Proprietary Information 10 Positioned for Growth Production Readiness for FPD Market • Capital equipment in place and proven • Material assets in place and pipeline primed • Bill of materials on budget • Assembly labor minor part of cost base • Gross margin in line with previous projections and expectations once volume production levels achieved Eclipse Aviation Avio NG FPD System Financial, Operational, and Technical preparations made to accommodate rapid growth

Innovative Solutions & Support Proprietary Information 11 Backlog Growth Driven by FPDS Positioned for Growth Commercial 58% Military 15% Business Jet 27% Includes only 2 months of FPD System deliveries to Eclipse Aviation $63M or 90% FPDs $7M or 10% AD January 2008 Bookings: LMAC $0.8M FedEX $4.2M Dec-06 Dec-07 $80.0 $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 $Millions Air Data Equipment FPDs

Innovative Solutions & Support Proprietary Information 12 Positioned for Growth FY2008 Sales Forecasted at > $40.0M Q1 FY08 Q2 FY08 Q3 FY08 Q4 FY08 FY08 Total FY09 Total $4.7M > $6.0M > $12.0M > $16.0M > $40.0M > $60.0M $80.0 $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 $Millions Air Data Equipment FPDs

Innovative Solutions & Support Proprietary Information 13 Balance Sheet • Cash - $43.5 Million • Lawsuit settlement greater than $6 Million - FY08 • No Debt (except IDB) • Current ratio: 7.5 to 1.0 Positioned for Growth ISSC has a strong financial position

Innovative Solutions & Support Proprietary Information 14 Summary • Retrofit market leader in FPD Systems and Air Data Equipment • Low Cost provider with outstanding products and production resources at the ready • Experienced and accomplished management team • Cost, regulatory, efficiency pressures driving growth in FPD market • Blue Chip Contracts: FedEx, American Airlines, Boeing, US DoD, Eclipse, Cessna • Current Backlog exceeds $70 Million – Revenue potential for Eclipse exceeds $100 Million – Additional revenue potential over life of Cessna agreement • Strong Balance Sheet to support rapid growth

Innovative Solutions & Support Proprietary Information 15