Applied Aerospace & Defense Files for IPO

Dow Jones05-09
 

By Kelly Cloonan

 

Applied Aerospace & Defense has filed for an initial public offering.

The company said it would apply to list its common stock on the New York Stock Exchange under the ticker AADX, according to a filing with the Securities and Exchange Commission on Friday.

The company didn't disclose the expected size or pricing of the offering. Morgan Stanley, Jefferies, BofA Securities, RBC Capital Markets and Guggenheim Securities are listed among the offering's underwriters.

The company plans to use the proceeds from the offering to repay term loans and revolving loans outstanding under its credit agreement, and the remainder for other general corporate purposes.

Applied Aerospace & Defense provides design, engineering and manufacturing solutions for space and defense technology companies, with a particular focus on space and launch systems, defense aviation and precision strike systems.

The company recorded revenue of $498.8 million last year, up 25% from the prior year. It also narrowed its net loss to $17 million in 2025 from $34.8 million the previous year.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

May 08, 2026 14:58 ET (18:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment