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Applied Aerospace Files for US IPO, Joins Space Race
9 May
Summary
- Applied Aerospace filed for a US initial public offering.
- The company reported a net loss of $15.1 million in Q1 2026.
- Applied Aerospace carries a backlog of nearly $1.1 billion in contracts.
Applied Aerospace & Defense Inc. has initiated proceedings for a U.S. initial public offering, aligning with a recent surge of space and defense companies entering public markets. The Huntsville, Alabama-based firm posted a net loss of $15.1 million on revenues of $134.4 million in the first three months of 2026, an increase from a $7.3 million net loss on $111 million revenue in the same period last year.
As of its filing, the company maintains a substantial backlog valued at nearly $1.1 billion in contracts, many of which are with U.S. government entities. This move follows similar recent listings in the sector, including Hawkeye 360 Inc. and Aevex Corp. Greenbriar Equity Group LP acquired Applied Aerospace in late 2022, integrating it with PCX Aerosystems, and has supported its growth through acquisitions.
The offering is being managed by a syndicate of prominent financial institutions, with shares anticipated to trade on the New York Stock Exchange under the ticker symbol AADX.
