Item 7.01 Regulation FD Disclosure.

On February 23, 2009, Innovative Solutions and Support, Inc. (the "Company") issued a press release announcing that the Board of Directors has approved a stock repurchase program pursuant to which the Company may repurchase up to 1,000,000 shares of its common stock. The program will remain in effect until February 22, 2010, unless extended by the Board of Directors. The program replaces the Company's previous stock repurchase program, which expired as of February 21, 2009. The press release is attached as Exhibit 99.1 to this report.

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

The following exhibits relating to Item 7.01 shall be deemed to be furnished, and not filed:

99.1 Innovative Solutions and Support, Inc. press release dated February 23, 2009.

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