Defense sector momentum accelerates as drone maker secures major capital. AEVEX Corp raised $320 million in its U.S. initial public offering Thursday, pricing shares at $20 each near the top of its indicated range. The California-based drone manufacturer's successful IPO reflects surging investor appetite for military technology and increased defense spending globally. Geopolitical tensions continue driving demand for advanced defense systems, creating favorable conditions for aerospace and defense companies entering public markets. The offering underscores a broader trend where defense contractors are capitalizing on elevated military budgets and modernization initiatives. This capital infusion positions AEVEX to expand production and research capabilities in an increasingly competitive defense technology landscape.
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