Business Segments

12 Months Ended

Sep. 30, 2019

Business Segments

Business Segments

17.  Business Segments

The Company operates in one business segment which designs, manufactures and sells flat panel displays, flight information computers, and advanced monitoring systems to the DoD, the Department of Interior, other government agencies, commercial air transport carriers and corporate/general aviation markets. The Company currently derives virtually all of its revenues from the sale of this equipment and related EDC. Most of the Company’s sales, operating results, and identifiable assets are in the United States.  During fiscal years 2019,  2018 and 2017, IS&S derived 90%,  75% and 89%, respectively, of its total product revenues from the sale of FPDS.  During fiscal years 2019,  2018 and 2017, the Company derived 10%,  25% and 11%, respectively, of total product revenues from the sale of air data systems related products.  During fiscal 2019,  2018 and 2017, the Company derived 8%,  3% and 4%, respectively, of total revenues from the sale of EDC services.

Geographic Data

Most of the Company’s sales, operating results and identifiable assets are generated in the United States. In fiscal years 2019, 2018 and 2017, net sales outside the United States amounted to $7.5 million, $4.7 million and $2.6 million, respectively.

Product Data

The Company’s current product line includes FPDS, flight management systems, and air data systems and components.  During fiscal years 2019,  2018 and 2017, the Company derived 90%, 75% and 89%, respectively, of its revenue from sales of FPDS. The remaining revenue for each of the fiscal years was from sales of air data systems and components.