Military Drone Supplier Aevex(AVEX.US)Plans to Raise $200 Million Through IPO; U.S. Government Provides Nearly 80% of Revenue

2026-03-24 08:52:59

Bloomberg News has learned that Aevex, a company providing military drone systems and services, submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) on Monday, with an expected raise of up to $200 million.

The company develops unmanned and autonomous systems for defense applications, focusing on AI-supported aerial platforms used for surveillance, reconnaissance, and precision strikes. Its products include loitering munitions and other unmanned systems designed to operate in complex or GPS-denied environments, supported by patented software for navigation and sensor integration. The company primarily serves the U.S. government (accounting for 78% of revenue in 2025) and allied partners, generating income through sales of systems and related services in its tactical and global solutions divisions.

Aevex was founded in 2007 and achieved revenue of $433 million in the 12 months ending December 31, 2025. The company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol AVEX. Aevex filed its confidential application on December 22, 2025. The joint bookrunners for the offering include Goldman Sachs, Bank of America Securities, Jefferies Group, J.P. Morgan, Royal Bank of Canada Capital Markets, B. Riley, William Blair, Raymond James, and Needham & Company.

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