By Kelly Cloonan
Aevex has filed for an initial public offering.
The defense technology contractor applied to list its units on the New York Stock Exchange under the ticker AVEX, according to a filing with the Securities and Exchange Commission on Monday.
The company didn't disclose the expected size or price of the offering.
Aevex has granted underwriters a 30-day option to purchase up to additional units at the IPO price to cover over-allotments. Goldman Sachs, JP Morgan and RBC Capital Markets are listed among the offering's underwriters.
Aevex provides autonomous, artificial-intelligence driven unmanned systems for defense capabilities in areas such as precision strike launched effects and loitering munitions. The company said its customers are primarily agencies and organizations within the Defense Department, special operations forces, intelligence community and allied international partners.
The company recorded a net loss of about $16.8 million in 2025 compared to a profit of $78.6 million in 2024. Revenue rose to $432.9 million from $392.2 million over the same period.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
March 23, 2026 13:34 ET (17:34 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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