Raymond J. Wilson resigned as a director of Innovative Solutions and Support, Inc. (the "Company") effective as of November 10, 2008. Mr. Wilson's resignation is not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

In connection with Mr. Wilson's termination of employment which occurred effective as of September 8, 2008, the Company and Mr. Wilson entered into a release agreement on November 10, 2008 that provides that Mr. Wilson will receive a payment of $90,000 for, among other things, remaining relocation expenses plus continued payment of his base salary (at the rate of $400,000 per year) through December 31, 2009. In addition, the Company has agreed to reimburse Mr. Wilson for the cost of COBRA health care continuation coverage (less the portion he would have been required to pay had he continued to be employed) for him and his family until the earlier of December 30, 2008 or his departure from the United States. The release agreement also includes a release of all claims that Mr. Wilson may have against the Company.

The foregoing summary of the release agreement with Mr. Wilson does not purport to be complete and is qualified in its entirety to reference to the release agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

(d) Exhibits:

Exhibit No.                                  Description

10.1           Release Agreement dated as of November 10, 2008 between Innovative
               Solutions and Support, Inc. and Raymond J. Wilson.