Aevex Corp.

General Information
Business:

(Incorporated in Delaware)

We believe that we are a leading defense technology prime contractor and critical enabler of U.S. Unmanned Aerial Systems (“UAS”) dominance strategy missions. We are highly differentiated by our proven track record of securing and successfully executing on critical strategic programs of record (“Programs of Record”), with over 10,200 systems delivered and committed through the end of 2026 to operational environments that validate our battlefield effectiveness. Today, we are positioned as a recognized global leader in Unmanned Systems (“UxS”). Through our advanced autonomous, artificial intelligence (“AI”)-enabled, and attritable UxS, we play a central role in defining next-generation warfighting capabilities, including key areas such as precision strike launched effects, loitering munitions, and full-scope intelligence, surveillance, and reconnaissance (“ISR”).

Our solutions are primarily sold to agencies and organizations within the United States Department of War (“DoW”), Special Operations Forces (“SOF”), Intelligence Community (“IC”), and allied international partners. For more than 18 years, we have delivered mission critical capabilities for a broad spectrum of operational use cases to over 30 unique active customers and have developed and deployed 35 unique UxS platforms in the last 3 years alone. Our UxS portfolio is underpinned by our proprietary AI-based CompassX sensor-fusion engine, which delivers assured positioning, navigation, and timing (“APNT”) and advanced onboard autonomy in GPS-denied environments. Our capabilities are unified across a software and data-science framework that allows our systems to communicate and operate synchronously in GPS-denied environments. We maintain our leadership in mission capabilities by rapidly innovating through constant customer feedback and in-theater experience, enabling the warfighter with the cutting-edge technology and capability to meet the ever-changing threat environment. This trusted partnership with our customers has been critical in informing our product development pipeline and has resulted in us earning a prime contractor position on 84.0% of all programs.

We deliver technology-led products and solutions through two complementary business segments:

 

Tactical Systems: Designs and manufactures battle-tested, autonomous, modular, and attritable UxS, including UAS and Unmanned Surface Vehicles (“USV”), along with other mission critical products.

 

Global Solutions: Provides bespoke mission solutions, including AI-enabled full-spectrum airborne ISR, counter-unmanned aerial systems (“C-UAS”), additive manufacturing, and specialized mission aircraft engineering, modification, and testing.

We believe the demand for our UxS products and capabilities is present and pervasive, with the U.S. and global addressable UxS opportunity expected to reach annual levels of approximately $11.0 billion and $26.0 billion, respectively, by 2030. In response to this considerable appetite for autonomous solutions, we have invested in building world-class facilities across the U.S. to deliver for customer missions reliably and at scale. With approximately 100,000 square feet of dedicated production space, we have the capacity to produce over 1,000 UxS per month and have successfully delivered at high volumes for years. Our operating footprint enables vertically integrated engineering and testing capabilities, driving rapid innovation cycles and customer intimacy.

Our innovation lab has been a cornerstone for our technological innovation, including advanced on-board autonomy and proprietary software packages delivering APNT. Additionally, ForgeX is our highly innovative, deployable, additive manufacturing solution, which enables resiliency on the frontlines of the battlefield by manufacturing mission-ready UxS at the point of need. Collectively, our world-class production facilities, innovation lab, and ForgeX solution strengthen supply chains and enable customer missions worldwide.

 

Software enablement is a key driver of success across our portfolio of UxS. CompassX delivers onboard autonomy, APNT, real-time situational awareness, and precision targeting, enabling our UxS to navigate complex battlespaces and accurately reach their targets, even in GPS-denied environments. Our software adheres to the Modular Open Systems Approach (“MOSA”) standards, allowing for rapid adaptation to new threats, reduced development cycles, easier and more cost-effective upgrades, and better interoperability between systems.

Today, we are an established leader in the global market for UxS and ISR solutions, backed by our track record of past performance with over 30 unique active customers. We have delivered over 6,200 UxS and have over 3,900 more systems committed through the end of 2026. We have successfully developed, produced, and deployed 35 unique UxS platforms delivering multi-mission capabilities for customers in demanding mission environments. We believe our combination of mission expertise, battle-tested family of technologies, innovative end-to-end mission autonomy, and state-of-the-art production capacity positions us as a key provider to the DoW, SOF, and IC and positions us to capture growth opportunities in our $8.1 billion identified pipeline as of December 2025.

(Note: Aevex Corp. filed its S-1 on March 23, 2026, for its IPO, without disclosing the terms. Estimated proceeds are $100 million, a placeholder figure. Some Wall Street pros estimate that Aevex Corp.’s IPO could raise at least $175 million to $200 million.)

 

Industry: AIRCRAFT - DRONES & AVIONICS
Employees: 650
Founded: 2007
Contact Information
Address 440 Stevens Ave #150 Solana Beach, California 92075
Phone Number (858) 704-4125
Web Address https://www.aevex.com/
View Prospectus: Aevex Corp.
Financial Information
Market Cap
Revenues $432.93 mil (last 12 months)
Net Income $-16.78 mil (last 12 months)
IPO Profile
Symbol AVEX
Exchange NYSE
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Goldman Sachs/BofA Securities/Jefferies/J.P.Morgan/RBC Capital Markets/Baird/William Blair/Raymond James/Needham & Co.
CO-Managers Academy Securities/Capital One Securities/PNC Capital Markts
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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