Company Announcements

SOLANA BEACH, Calif.--(BUSINESS WIRE)--May 20, 2026-- AEVEX Corp. (NYSE: AVEX) announced today that it has been awarded $15.6 million in contracts by the United States Air Force to support advanced unmanned aircraft mission capabilities and modular airborne system‑integration efforts.

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The award leverages the versatility of AEVEX’s long range one-way attack platform. Designed for long‑range operations and high‑payload capacity, the platform provides a flexible, scalable solution capable of supporting evolving mission requirements across diverse operational environments.

The award leverages the versatility of AEVEX’s long range one-way attack platform. Designed for long‑range operations and high‑payload capacity, the platform provides a flexible, scalable solution capable of supporting evolving mission requirements across diverse operational environments.

This work builds on AEVEX’s broader portfolio of unmanned and mission‑support solutions designed to deliver affordable, rapidly fieldable capabilities for Air Force applications. These mission systems emphasize modular, adaptable architectures that enhance readiness, support diverse operational profiles, and help reduce operator workload. AEVEX’s integrated engineering and production teams enable scalable delivery and responsiveness to evolving customer needs.

“This award reflects our ongoing work with the U.S. Air Force and our ability to deliver reliable, mission‑aligned capabilities at scale,” said Roger Wells, Chief Executive Officer at AEVEX. “We remain focused on equipping our customers with dependable solutions that enhance readiness and operational effectiveness.”

Additional details regarding the scope and platform are not being disclosed. Performance will be executed from AEVEX’s existing U.S. engineering and production footprint over the contract period of performance.

The contract is consistent with AEVEX’s broader work supporting U.S. Government customers through its vertically integrated engineering teams, rapid prototyping capabilities, and distributed manufacturing infrastructure.

For more information, visit www.aevex.com.

About AEVEX

AEVEX Corp. (NYSE: AVEX) is a leading U.S. defense technology company delivering autonomous unmanned systems, AI‑enabled mission software, and advanced ISR and electronic warfare solutions for national security customers. With vertically integrated engineering, rapid prototyping, and high‑volume manufacturing across multiple U.S. locations, AEVEX provides affordable, front‑line‑ready capabilities designed for contested and GPS‑denied environments. AEVEX’s mission is to strengthen deterrence, enhance warfighter effectiveness, and help ensure the United States maintains technological and industrial advantage in the era of autonomy.

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of federal securities laws. These statements include, but are not limited to, statements regarding AEVEX’s future plans and operations. Forward‑looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, which may be beyond AEVEX’s control. Actual results could differ materially from those stated or implied due to factors described in our filings with the Securities and Exchange Commission. AEVEX undertakes no obligation to update any forward‑looking statements, except as required by law.

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Media Contact
Brian Manning
AEVEX
bmanning@aevex.com

Source: AEVEX Corp.