The ICON Parachute System (IPS) is comprised of the parachute package, harness, extraction rocket, activation system, landing gear deployment mechanism and all associated brackets and hardware. The parachute is a non-steerable round parachute used in conjunction with a three-point harness assembly to safely descend the planes occupants in an emergency. The parachute is triggered using the mechanical cockpit activation system and fired via a solid fuel cell extraction rocket from the parachute bay. When the activation system handle is pulled, the landing gear deployment mechanism will put the landing gear into the ‘down’ position.