California-based AEVEX Aerospace is preparing for a stock market debut, targeting a valuation of up to $2.35 billion as it moves toward a listing on the New York Stock Exchange, Reuters reported.
The company plans to raise up to $336 million by offering 16 million shares priced between $18 and $21 each.
AEVEX specializes in airborne intelligence, surveillance, and reconnaissance (ISR) systems.
Its portfolio includes unmanned platforms capable of strike missions, including munitions and guided payload delivery.
The planned listing comes amid a broader wave of defense companies entering public markets, as investor interest grows alongside rising global military spending.
Focus is increasingly shifting toward drones, counter-drone systems, and ISR technologies.
Ongoing conflicts, including in Ukraine and the Middle East, have further highlighted the operational importance of unmanned systems, reinforcing global demand for these capabilities.
Latest Contracts
AEVEX systems are already being integrated into evolving US military programs.
Earlier this month, propulsion specialist X-Bow Systems secured a $12.1-million contract to supply rocket-assisted take-off kits for AEVEX’s Disruptor tactical unmanned aerial systems.
The award includes hundreds of launch kits and thousands of solid rocket motors, with production scheduled throughout 2026.
In 2025, the US Army selected AEVEX’s Atlas Precision Strike System under its initial Launched Effects–Short Range program.
The initiative followed a series of operational demonstrations involving multiple platforms, including systems from Raytheon and Anduril Industries.
Trials were used to evaluate performance and gather soldier feedback to inform early deployment and procurement decisions.
