# Applied Aerospace & Defense is seeking to raise as much as $682.5 million.

*aerospace, business · news · 2026-05-26 · Reuters*

## Key points

- Applied Aerospace & Defense is seeking a valuation of up to $3.59 billion in its IPO.
- The company aims to raise $682.5 million by offering 32.5 million shares at $18-$21 each.
- Applied Aerospace & Defense was created last year through the merger of Applied Aerospace and PCX Aerosystems.
- The company recently acquired Consolidated Boring Inc, Vestigo Aerospace, and Rainwater Holdings to expand capacity.

**Companies:** Applied Aerospace & Defense, Arxis, AEVEX, Hawkeye 360
**Countries:** United States

[Read the full story on Reuters](https://www.reuters.com/legal/transactional/applied-aerospace-defense-eyes-359-billion-valuation-us-ipo-2026-05-26/)

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