AEVEX Corp. (Ticker: AVEX US) is a U.S. defense technology prime contractor specializing in autonomous unmanned systems and airborne intelligence, surveillance, and reconnaissance (ISR) solutions. The company designs and manufactures a diversified portfolio of battle-tested, modular Unmanned Aerial Systems (UAS) and Unmanned Surface Vehicles (USV), including loitering munitions and precision-strike products. AEVEX plans to list on the New York Stock Exchange (NYSE) on April 17, 2026, offering 16,000,000 primary shares at an expected price range of $18.00 to $21.00.

The IPO is expected to raise approximately $312 million, with the company targeting a market valuation of up to $2.35 billion. According to regulatory filings, AEVEX reportedly intends to use the proceeds to acquire units in its operating LLC, purchase shares from existing holders, and repay outstanding debt. Currently backed by private equity firm Madison Dearborn Partners and CoVant Management, the company operates under an "Up-C" structure rather than as a spin-off. AEVEX, which reported $433 million in revenue for 2025, serves a broad base of over 30 active customers across the U.S. Department of Defense and allied international partners. The offering is led by a bookrunning syndicate including Goldman Sachs, Bank of America, and Jefferies.