AEVEX Shares Surge 13% Following Strong Q3 Results and Raised Full-Year Guidance
AEVEX (AVEX) shares rose over 13% on Thursday after the defense technology provider reported significant third-quarter growth and upwardly revised its full-year financial outlook. Driven by increased demand for unmanned aircraft systems (UAS) due to global conflicts in Ukraine and the Middle East, the company's Q3 revenue climbed 56.5% year-over-year to $189.7 million. The company's expansion into maritime domains is also accelerating following its acquisition of BlackSea, which resulted in a sevenfold increase in maritime systems revenue. Consequently, management has raised its 2026 full-year revenue guidance to a range of $820 million to $840 million and adjusted EBITDA expectations to between $128 million and $132 million.
Tickers: $AVEX
Topics: acquisition defense technology earnings report unmanned systems