Aevex, which provides military unmanned aircraft systems and services, announced terms for its IPO on Thursday.
The Solana Beach, CA-based company plans to raise $312 million by offering 16 million shares at a price range of $18 to $21.
The company develops unmanned and autonomous systems for defense applications, with a focus on AI-enabled aerial platforms used in missions such as surveillance, reconnaissance, and precision strike. Its products include loitering munitions and other unmanned systems designed to operate in complex or GPS-denied environments, supported by proprietary software for navigation and sensor integration. The company primarily serves the US government (78% of 2025 revenue), as well as allied partners, and generates revenue through the sale of systems and related services across its tactical and global solutions segments.
Aevex was founded in 2007 and booked $433 million in revenue for the 12 months ended December 31, 2025. It plans to list on the NYSE under the symbol AVEX. Goldman Sachs, BofA Securities, Jefferies, J.P. Morgan, RBC Capital Markets, Baird, William Blair, Raymond James, and Needham & Co. are the joint bookrunners on the deal. It is expected to price the week of April 13, 2026.
