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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001021408-01-510598.txt : 20020411
<SEC-HEADER>0001021408-01-510598.hdr.sgml : 20020411
ACCESSION NUMBER:		0001021408-01-510598
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010917
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20011120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INNOVATIVE SOLUTIONS & SUPPORT INC
		CENTRAL INDEX KEY:			0000836690
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				232507402
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31157
		FILM NUMBER:		1796835

	BUSINESS ADDRESS:	
		STREET 1:		420 LAPP RD
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6108899898

	MAIL ADDRESS:	
		STREET 1:		420 LAPP ROAD
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): September 17, 2001



                     Innovative Solutions and Support, Inc.
                     --------------------------------------
                 (Exact name of issuer as specified in charter)


          PENNSYLVANIA                    0-31157                23-2507402
  (State or Other Jurisdiction          (Commission           (I.R.S. Employer
       of Incorporation or                  file               Identification
         Organization)                    number)                  Number)

                             720 Pennsylvania Drive
                           Exton, Pennsylvania 19341
                    (Address of principal executive offices)


                                 (610) 646-9800

              (Registrant's telephone number, including area code)
<PAGE>

Item 5 - Other Events.

(a)  On September 19, 2001, Innovative Solutions & Support, Inc., ("ISS")
announced that its Board of Directors authorized an open market stock repurchase
program that will enable ISS to purchase up to one million shares of outstanding
ISS common stock over the next six month period at a price not to exceed $8.00
per share, subject to market conditions and other factors.

(b)  Separately, ISS will hold its next Annual Meeting of Shareholders on
Thursday, January 31, 2002. A specific meeting site will be communicated to
shareholders in the proxy materials distributed for the Annual Meeting of
Shareholders. Shareholder proposals must be received prior to November 30, 2001
in order to be considered for inclusion in the Company's proxy statement under
relevant Securities and Exchange Commission rules and in order to be considered
at the Annual Meeting of Shareholders under the Company's Bylaws.
<PAGE>

                                   Signature

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


                                    Innovative Solutions and Support, Inc.


Date: November 20, 2001             By: /s/ James J. Reilly
                                        --------------------
                                        James J. Reilly
                                        Chief Financial Officer

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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