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2w ago

Applied Aerospace & Defense Prices IPO and Lists on NYSE as AADX

The private-equity-backed manufacturer raised fresh capital to expand production for space and defense customers and tapped public markets while investor interest in defense technology is high.

New York Stock Exchange (NYSE) is seen though a window in New York City, U.S., May 21, 2026. REUTERS/Jeenah Moon/File Photo

Overview

  • Applied Aerospace & Defense priced 32.5 million shares at $20.00 each and granted underwriters a 30-day option to buy up to 4.875 million additional shares.
  • The company is expected to begin trading on the New York Stock Exchange under the ticker AADX and to close the offering on June 4, 2026 subject to customary conditions.
  • Applied filed an S-1 that the SEC declared effective on June 2, 2026, and named Morgan Stanley and Jefferies as lead book-running managers for the deal.
  • Bloomberg reported the offering raised about $650 million after pricing while Reuters and the company confirmed the share count and price but did not independently verify the proceeds figure.
  • The IPO follows Greenbriar Equity Group’s 2025 combination of Applied Aerospace and PCX Aerosystems and comes as several defense-focused companies have pursued U.S. listings to capitalize on rising investor demand for space and defense technology.