The defense contractor secured $50M to expand unmanned mission support, with $27M in initial funding allocated.
AEVEX Corp shares jumped 11% in early trading after securing a $50M contract from the U.S. Air Force to enhance unmanned mission support capabilities. The deal includes $27M in initial funding, signaling immediate execution.
The contract builds on existing defense partnerships, reflecting growing demand for unmanned systems in military operations. Prior funding rounds and comparable contracts in the sector have typically ranged between $30M and $60M.
Trading volume spiked following the announcement, outpacing the stock’s 30-day average as investors reacted to the new revenue stream.