Applied Aerospace & Defense, Inc.

Applied Aerospace & Defense, Inc. (AADX) priced its initial public offering on Jun 4, 2026 at $20.00 per share, raising $650M, and listed on NYSE. At the IPO price its market capitalization was about $3.41B. Morgan Stanley was lead-left underwriter, joined by Jefferies, BofA Securities and RBC Capital Markets and others. Kirkland & Ellis advised the company and Davis Polk advised the underwriters.

Applied Aerospace & Defense, Inc. provides design, engineering and vertically integrated manufacturing of mission-critical subsystems for space and defense technology companies, serving space and launch systems, defense aviation and airborne systems, and C5ISR and precision strike systems.

Status

IPO

Ticker

AADX

Exchange

NYSE

Priced

Jun 4, 2026

IPO price

$20.00

Raised

$650M

Market cap at IPO price

$3.41B

First filed

May 8, 2026

Underwriters

Morgan Stanley, Jefferies, BofA Securities, RBC Capital Markets, Guggenheim, Baird, Stifel, Wolfe Research, Nomura and Academy Securities

Company counsel

Kirkland & Ellis

Underwriters' counsel

Davis Polk

Sector

Industrials & materials

Country / state

AL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.