AEVEX to Acquire BlackSea Technologies for $650M in Cash and Stock
AVEX sits 74% above its 52-week low of $13.07.
Summary
AEVEX Corp. announced a definitive agreement to acquire BlackSea Technologies for up to $650 million, combining air, surface, and subsea autonomous systems capabilities. The deal includes $350 million in stock and $250 million in cash, with a $50 million earnout, and is expected to close in September 2026.
Key Events · M&A and Partnerships · AVEX
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Acquisition of BlackSea Technologies
AEVEX signed a definitive agreement to acquire BlackSea Technologies for up to $650 million on a cash-free, debt-free basis, expanding into unmanned surface and subsea vessels.
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Deal Structure and Consideration
Consideration includes $350 million in AEVEX Class A common stock (12,727,273 shares at $27.50 per share) and approximately $250 million in cash, plus a $50 million performance-based earnout.
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Strategic Rationale
The acquisition combines AEVEX's air and surface autonomous systems with BlackSea's maritime platforms, adding Navy customer access and a 57,000-sq-ft Baltimore production facility with deepwater access.
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Expected Closing and Conditions
Closing is expected in September 2026, subject to HSR antitrust clearance, NYSE listing approval, and other customary conditions. No stockholder vote is required.
Analysis · AVEX · Manufacturing
AEVEX is acquiring BlackSea Technologies for up to $650 million on a cash-free, debt-free basis. The deal is structured as $350 million in stock (12.7 million shares at $27.50 per share) and approximately $250 million in cash, plus a $50 million performance-based earnout. The acquisition expands AEVEX's autonomous systems portfolio into maritime surface and subsea domains, adding BlackSea's Navy customer base and 57,000-sq-ft Baltimore production facility. The transaction is expected to close in September 2026, subject to HSR clearance and other customary conditions. The stock consideration is priced at $27.50 per share, a premium to today's price of $22.69, reflecting confidence in the combined entity's strategic value.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 43.7% of the 286 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.35%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, AVEX was trading at $22.69 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $13.07 to $42.34. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.