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AEVEX Corp. announces launch of initial public offering. SOLANA BEACH, Calif.-(BUSINESS WIRE)-AEVEX Corp. ("AEVEX"), a portfolio company of Madison Dearborn Partners' funds and a global leader in cutting-edge unmanned systems, today announced it has launched the roadshow for its proposed initial public offering of 16,000,000 shares of its Class A common stock, all of which are being offered by AEVEX. In addition, AEVEX and the selling stockholder identified in the registration statement intend to grant the underwriters a 30-day option to purchase up to an additional 1,717,847 and 682,153 shares of Class A common stock from AEVEX and the selling stockholder, respectively, at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $18.00 and $21.00 per share. AEVEX has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol "AVEX." Goldman Sachs & Co. LLC, BofA Securities and Jefferies are acting as joint lead bookrunning managers for the proposed offering. J.P. Morgan, RBC Capital Markets and Baird are acting as bookrunning managers. William Blair, Raymond James and Needham & Company are acting as bookrunners. Academy Securities, Capital One Securities and PNC Capital Markets LLC will serve as co-managers. The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the proposed offering may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, when available, a copy of the preliminary prospectus related to the proposed offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526 or by email at [email protected]; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email at [email protected]; and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at [email protected]. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering. About AEVEX Corp. AEVEX supports U.S. and partner nation security objectives by providing comprehensive aviation and technology-based solutions. The company offers a diverse portfolio of Unmanned Aircraft Systems (UAS), combat-proven loitering munitions, and multi-mission Unmanned Surface Vehicles (USV). These capabilities complement AEVEX's strengths in custom engineering, manned and unmanned aircraft modification, sensor integration, intelligence analysis, and specialized mission systems. AEVEX is headquartered in Solana Beach, California, with additional facilities in California, Florida, Ohio, Virginia, and Alabama.

THE DRONE WAR DIVIDEND: defense contractor AEVEX files for US IPO. Home / blog / THE DRONE WAR DIVIDEND: defense contractor AEVEX files for US IPO. The U.S. IPO market remains highly accessible, and private equity-backed AEVEX is officially stepping up to tap into massive investor enthusiasm for defense stocks. THE DEAL & FINANCIAL METRICS: * The Financial Trajectory: In 2025, AEVEX reported $432.9 million in revenue with a narrowed net loss of $16.8 million. This is a significant improvement from a $78.6 million net loss on $392.2 million in revenue the previous year. * The Backlog: Heavily reliant on sales to the U.S. government, the company's funded backlog stood at $503 million as of December 31. * The Syndicate: Goldman Sachs, BofA Securities, and Jefferies are the lead underwriters for the offering. The company will list on the NYSE under the ticker symbol "AVEX". * The Backers: Madison Dearborn Partners and CoVant Management - who purchased AEVEX from Trive Capital in 2020 - will sell shares in the offering alongside the company. THE MACRO CATALYST (Why Now?): * The Arsenal: Based in Solana Beach, California, AEVEX provides airborne intelligence, surveillance, and reconnaissance offerings, with a heavy focus on precision-strike systems and loitering munitions. * The Scale: The defense prime has over 10,200 autonomous systems delivered and committed by the end of 2026. * The Geopolitical Tailwinds: Global defense spending is accelerating as countries invest in next-generation advanced systems. Analysts note that warfare is moving toward drones regardless of near-term conflicts, and the suddenness of the Middle East conflict will leave a lasting impact on markets. THE BOTTOM LINE: The IPO window for defense-related firms is currently "wide open". AEVEX perfectly illustrates the current private equity playbook for defense tech: shrinking losses, increasing revenues, and listing with the prospect of reaching near-term profitability. With an enormous U.S. defense budget and defense being viewed as "generational growth," this IPO is perfectly timed to capture the market's demand for muscular military posturing. Macro & Defense Investors: With warfare decisively shifting toward autonomous systems and loitering munitions, will AEVEX's path to profitability command a massive premium on the NYSE?