IPO Journey
Applied Aerospace & Defense, Inc.
IPO Date: June 4, 2026 · 3 filings tracked
Final Offer Terms
Ticker
AADX
Exchange
New York Stock Exchange
Offer Price
$20.00
Shares Offered
32,500,000
Estimated Proceeds
$650.0M
Underwriters
Led by Morgan Stanley, Jefferies
BofA SecuritiesRBC Capital MarketsGuggenheim SecuritiesBairdStifelWolfe | Nomura AllianceAcademy Securities
Filing Timeline
1
S-1
May 8, 2026
- Vital supply chain partner for defense and space with 39-year average customer relationships
- High revenue stability with 87% of income derived from sole-source contracts
2
S-1/A
May 26, 2026
- Sole-source provider for 87% of business, creating a deep defense supply chain moat
- Long-term customer relationships averaging 39 years
Changes from previous filing
- ▸ Expected offer range: $18.0 – $21.0 per share
- ▸ Shares offered: 32,500,000
- ▸ Estimated proceeds: $585M
424B4
Final Pricing
June 4, 2026
- Sole-source supplier for 86% of business, creating a strong competitive moat
- Significant $1.06 billion contract backlog ensuring long-term revenue visibility
Changes from previous filing
- ▸ Price range removed
- ▸ Final offer price: $20.0 per share
- ▸ Estimated proceeds: $650M
Disclaimer: AI-generated analysis for informational purposes only. Not financial advice. Always conduct your own research.