Aevex Defense Systems Finalizes Terms for $312 Million IPO
Aevex Defense Systems has finalized terms for a planned $312 million offering, the company said on Thursday. Filmogaz.com reports Aevex Defense Systems finalized terms for a planned $312 million IPO that would sell 16 million shares.
Deal terms and timetable
The company is targeting a price range of $18 to $21 per share. The offering would raise about $312 million if priced at the high end.
Shares are expected to price the week of April 13, 2026. Aevex intends to list on the New York Stock Exchange under the symbol AVEX.
Business profile and product line
Based in Solana Beach, California, Aevex builds unmanned aircraft systems and related services. It focuses on autonomous, AI-enabled aerial platforms for surveillance, reconnaissance, and precision strike.
Products include loitering munitions and unmanned systems made for complex and GPS-denied environments. The systems are backed by proprietary navigation and sensor-integration software.
Customers and revenue mix
The firm primarily serves the U.S. government. Government contracts accounted for 78% of projected 2025 revenue.
Aevex also sells to allied partners and to commercial customers through tactical and global solutions segments. Revenue is generated from both equipment sales and support services.
Financial snapshot and history
Aevex was founded in 2007. For the 12 months ended December 31, 2025, the company reported $433 million in revenue.
Underwriters
- Goldman Sachs
- BofA Securities
- Jefferies
- J.P. Morgan
- RBC Capital Markets
- Baird
- William Blair
- Raymond James
- Needham & Co.
The offering is structured with several joint bookrunners. These firms will manage pricing and allocation when the deal moves forward.
