AEVEX Wins Up to $92.2M SkyRange Contract for Hypersonic Testing
AVEX sits 23% above its 52-week low of $13.07.
Summary
AEVEX has been selected for a contract valued at up to $92.2 million over three years to support the Department of War's SkyRange hypersonic testing program. The award covers airborne range integration, flight operations, telemetry relay, and mission systems integration across Western U.S. and Pacific test corridors. This adds to a string of recent defense wins, including a $50M Air Force contract in June and $88.1M in precision strike orders in July, reinforcing AEVEX's position in advanced unmanned and hypersonic test infrastructure. The contract is a meaningful addition to the company's backlog, though the 'up to' ceiling suggests actual revenue may be lower. The award follows the closing of the BlackSea Technologies acquisition earlier this month, which expanded AEVEX's maritime capabilities. Investors will watch for further contract announcements and backlog updates in the next quarterly report.
At the time of this announcement, AVEX was trading at $16.10 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $13.07 to $42.34. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.