((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) (Added analyst comment to paragraph 5) by Arasu Kannagi Basil
Applied Aerospace & Defense’s revenue jumped 24.8% in 2025, the privately-backed government subcontractor revealed Friday in its filing for a U.S. IPO, the latest in a wave of defense technology company listings in recent years. last few weeks.
The Huntsville, Alabama-based space and defense hardware provider reported a net loss of $17 million on revenue of $498.8 million in the fiscal year ended Dec. 31, compared with a net loss of $34.8 million on revenue of $399.8 million a year earlier. early.
Defense technology IPOs are taking center stage in the U.S. IPO market, with issuers rushing to seize the opportunity created by the U.S.-Israeli war against Iran.
Aerospace parts maker Arxis ARXS.O, drone maker AEVEX AVEX.N, precision components maker Elmet Group ELMT.O and radio signal analyzer maker HawkEye 360
HAWK.N made their IPO in New York in recent weeks.
“The US IPO market is in the best shape I have seen it since the late 1990s. This is due not only to the good reception of deals across the risk spectrum, but also to the strong post-IPO returns,” Josef Schuster, Director, told Reuters general of IPOX.
Greenbriar Equity Group, a buyout firm specializing in mid-sized companies, last year merged Applied Aerospace, founded in 1954, and PCX Aerosystems, founded in 1900, to form Applied Aerospace & Defense.
The company manufactures a wide range of products, including fuselages, flight control surfaces, solid rocket motor cases and motor shafts for space and defense companies. According to its website, its clients include Anduril Industries, Boeing and GE Aerospace.
Applied Aerospace & Defense plans to sell new shares in this offering. About 83% of the company’s revenue came from contracts with the U.S. government in the twelve months ended December 31.
Morgan Stanley and Jefferies are among the leaders of the operation. Applied Aerospace & Defense will be listed on the New York Stock Exchange (NYSE) under the symbol “AADX”.
