SOLANA BEACH, Calif.--(BUSINESS WIRE)--

AEVEX Corp. (“AEVEX”), a portfolio company of Madison Dearborn Partners’ funds and a global leader in cutting-edge unmanned systems, announced today the pricing of its initial public offering (the “offering”) of 16,000,000 shares of its Class A common stock at a price to the public of $20.00 per share. In addition, AEVEX has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the New York Stock Exchange (“NYSE”) on April 17, 2026 under the ticker symbol “AVEX.” The offering is expected to close on April 20, 2026, subject to customary closing conditions.

Goldman Sachs & Co. LLC, BofA Securities and Jefferies are acting as joint lead bookrunning managers for the offering. J.P. Morgan, RBC Capital Markets and Baird are acting as bookrunning managers. William Blair, Raymond James and Needham & Company are acting as bookrunners. Academy Securities, Capital One Securities and PNC Capital Markets LLC are acting as co-managers.

A registration statement on Form S-1 relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Copies of the final prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526 or by email at [email protected]; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email at [email protected]; and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About AEVEX

AEVEX supports U.S. and partner nation security objectives by providing comprehensive aviation and technology-based solutions. The company offers a diverse portfolio of Unmanned Aircraft Systems (UAS), combat-proven loitering munitions, and multi-mission Unmanned Surface Vehicles (USV). These capabilities complement AEVEX’s strengths in custom engineering, manned and unmanned aircraft modification, sensor integration, intelligence analysis, and specialized mission systems. AEVEX is headquartered in Solana Beach, California, with additional facilities in California, Florida, Ohio, Virginia, and Alabama.

Forward Looking Statements

Certain statements contained in this press release constitute “forward-looking statements”. Words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. These forward-looking statements include statements regarding the commencement of trading of the Class A common stock on the NYSE. These statements are not historical facts but rather are based on the company’s current expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of the company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including those described in the registration statement filed with the SEC. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the registration statement filed with the SEC in connection with the company’s initial public offering. You are cautioned not to place undue reliance on these forward looking statements.

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Source: AEVEX Corp.