May 8 (Reuters) - Applied Aerospace & Defense's revenue surged 24.8% in 2025, the private equity-backed government contractor revealed on Friday in its paperwork for a U.S. initial public offering, the latest in a flurry of defense tech listings in recent weeks.
The Huntsville, Alabama-based space and defense hardware provider reported a net loss of $17 million on revenue of $498.8 million in fiscal year ended December 31, compared with a net loss of $34.8 million on revenue of $399.8 million a year earlier.
Defense tech listings have taken center stage in the U.S. IPO market in recent weeks as issuers rush to seize the opportunity created by the U.S.-Israeli war on Iran.
Aerospace parts maker Arxis, drone maker AEVEX, precision-engineered components maker Elmet Group and radio signal analyzer HawkEye 360 have gone public in New York in recent weeks.
Middle-market-focused buyout firm Greenbriar Equity Group last year combined Applied Aerospace and PCX Aerosystems to form Applied Aerospace & Defense.
The firm builds a wide range of products including fuselage, flight control surfaces, solid rocket motor cases and engine shafts for space and defense technology companies.
Applied Aerospace & Defense plans to sell new shares in the offering. Roughly 83% of the firm's revenue came from U.S. government contracts in the twelve months ended December 31.
Morgan Stanley and Jefferies are among the underwriters on the offering. Applied Aerospace & Defense will list on the New York Stock Exchange under the symbol “AADX.”
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Jonathan Ananda and Sahal Muhammed)
