AADX · NYSE · Aerospace & Defense

Applied Aerospace & Defense

Builds mission-critical subsystems for space, aerospace, and defense platforms.

$13.43
After-hours close+0.12 (+0.90%)
At close$13.31(−7.70%)
Loading prices…

Profile

Applied Aerospace & Defense, Inc.AADXIndustrials

Produces specialized space, aerospace, and defense subsystems through design, fabrication, assembly, testing, repair, and sustainment work. Revenue combines development, original-equipment production, and recurring aftermarket support, primarily through fixed-price contracts and largely within U.S. operations.

Designs, engineers, manufactures, tests, and sustains flight- and mission-critical subsystems for space, military aviation, C5ISR, and precision-strike platforms. Space and Launch Systems provides spacecraft assemblies, antennas, power and thermal hardware, deployable systems, and Spinnaker drag sails. Defense Aviation and Airborne Systems supplies flight controls, landing gear, fuel systems, transmission and engine components; C5ISR and Precision Strike Systems adds sensing, RF, missile-body, launch, propulsion, and survivability hardware.

Combines concurrent engineering and structural design with composite and metallic fabrication, bonding, precision machining, assembly, inspection, testing, repair, overhaul, logistics, and configuration management. Work spans development, original-equipment production, and aftermarket sustainment, delivered principally under fixed-price customer contracts. Operations and long-lived assets are substantially U.S.-based, while revenue depends on U.S. defense budgets, prime-contractor relationships, program appropriations, specialized suppliers and materials, security clearances, and 11 specialized U.S. facilities.

Company facts

CEOJames William ("Trip") Ferguson III
ListedJun 3, 2026
ExchangeNYSE
HeadquartersHuntsville, AL
CountryUnited States
Employees1,542
CIK0002118195
ISINUS03815J1079

Key statistics

Market cap$2.28B
EPS (ttm)−$1.53
P/E (ttm)−8.70
ROE-58.4%
P/B2.38
P/S3.84
Dividend yield
Beta

Year to date −30.0% · Average volume (30d) 1.2M

Analysts

Price target, next 12 months$24.00+80.5%Median of 2 analysts · vs the Aug 28 close
ConsensusBuy1 of 2 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Aug 13, 2026Morgan StanleyReiterateMixed$23$24
Jun 29, 2026Robert W. BairdTarget$30
Jun 29, 2026Morgan StanleyTarget$23
Jun 29, 2026Stifel NicolausTarget$24
Jun 28, 2026UBSTarget$24

Earnings

EPS

Estimate$0.01
Reported−$1.04−15,692.2%

Revenue

Estimate$155.8M
Reported$167.3M+7.4%

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 12, 2026Q2 FY26$0.01−$1.04−15,692.2%$155.8M$167.3M+7.4%−7.19%
May 8, 2026Q1 FY26−$0.10$134.4M
View details

Financial highlights

10 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$111.0M$113.5M$122.5M$151.7M$152.0M$167.3M
Gross profit$30.9M$25.5M$27.8M$35.7M$36.5M$37.2M
Operating income$12.0M$13.9M$15.7M$17.3M−$57.0M−$96.2M
Net income−$7.3M−$4.7M$2.7M−$7.8M−$78.8M−$154.0M
Diluted EPS−$0.04−$0.03$0.02−$0.05−$0.46−$1.04
Gross margin27.8%22.5%22.7%23.5%24.0%22.2%
Operating margin10.8%12.3%12.8%11.4%-37.5%-57.5%

Fiscal years (4-quarter sums)FY24 $399.8M · FY25 $498.8M

Balance sheet, Jun 30, 2026Cash & short-term investments $18.1M · Total debt $431.5M · Total assets $1.50B · Shareholders' equity $827.9M

Dividends

No dividends on record.

Ownership

Institutions 72.20%Insiders

Shares outstanding 171.22M · Float 32.43M · 18.9% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
AA&D Holdings, LP126.79M73.50%13GAug 13, 2026
Ra Capital Management, L.P.28.93M16.90%13FAug 14, 2026
FMR LLC10.29M6.01%13FAug 13, 2026
Arch Venture Management, LLC6.41M3.75%13FAug 14, 2026
Venbio Partners LLC5.27M3.08%13FAug 14, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • Ducommun

    Core aircraft structures and C5ISR electronics contest key military programs.

  • Karman

    Launch and missile hardware overlaps in structures, separation, and propulsion.

  • Redwire

    Spacecraft power, deployables, RF, and payloads overlap in space systems.

  • Park Aerospace

    Composite materials and structures overlap in aircraft, space, and missile work.

CompareAfter-hours close

CompanyPriceChange
Applied Aerospace & Defense$13.43+0.90%$2.28B31.13.8
Ducommun$176.300.00%$2.66B36.13.1+11.0%
Karman$46.00+0.90%$6.04B160.061.110.2+58.2%
Redwire$10.870.00%$2.60B6.1+89.6%
Park Aerospace$32.42+0.03%$705.2M51.545.69.3+18.9%
Median105.745.67.7+38.5%