Defense Technology Startup
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Valued at $12.7 billion after March 2026 funding round
AEVEX Aerospace, a maker of military drones and airborne surveillance systems, began trading on the New York Stock Exchange on April 17, 2026, under the ticker AVEX. The company priced 16 million shares at $20 each—the upper half of its $18–$21 target range—raising $320 million at a roughly $2.35 billion valuation. Private equity firm Madison Dearborn Partners kept 79% voting control. AEVEX is not going public alone: it is the latest entry in a rapid-fire string of defense technology listings. Defense parts maker Arxis raised $1.13 billion on April 16 and opened 36% above its offer price. Ukrainian drone software company Swarmer surged more than 500% on its March 17 Nasdaq debut. And signals intelligence firm HawkEye 360 filed its own IPO prospectus just one week before AEVEX's listing.
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