Aerospace equipment manufacturer Applied Aerospace & Defense (AADX.US) applies for a US stock IPO, planning to raise $350 million.

Applied Aerospace & Defense (AADX.US), which manufactures equipment and components for the aerospace and defense sectors, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) last Friday, with expectations to raise up to $350 million. Founded in December 2025 through the merger of Applied Aerospace, established in 1954, and PCX Aerosystems, established in 1900, Applied Aerospace & Defense provides design, engineering, and manufacturing services for the space and defense industries, producing complex subsystems that can operate in extreme conditions. The company primarily serves three major markets: space and launch systems; defense aviation and airborne systems; and C5ISR (Command, Control, Communications, Computers, Networks, Intelligence, Surveillance, and Reconnaissance) and precision strike systems. With a manufacturing network covering the entire United States, the company's business spans the full lifecycle from early prototype design and new product development to large-scale production and aftermarket support. Its customers include established aerospace and defense prime contractors as well as emerging technology companies. Headquartered in Huntsville, Alabama, the company was founded in 1900 (based on the history of its older entity). As of the twelve months ending March 31, 2026, the company reported revenue of $522 million. Applied Aerospace & Defense plans to list on the New York Stock Exchange under the ticker symbol "AADX". The company confidentially submitted its IPO application on March 16, 2026. The joint book-running managers for the offering are Morgan Stanley, Jefferies Financial Group Inc., Bank of America Securities, Royal Bank of Canada Capital Markets, Guggenheim Securities, Baird, Stifel, WR Securities, and Nomura Securities.