AcquisitionsSep 8, 2026, 04:48 PM
AEVEX Corp. Acquires Maritime Applied Physics for $600M
AI Summary
AEVEX Corp. has successfully completed its acquisition of Maritime Applied Physics, LLC, a leading provider of unmanned surface and subsea vessels. The transaction, valued at a total enterprise value of $600,000,000, was paid through a combination of AEVEX stock and cash. This strategic move integrates Maritime Applied Physics' maritime capabilities into AEVEX's existing portfolio, positioning the combined entity as a comprehensive multi-domain autonomous systems provider for the defense industry. Contingent consideration is also part of the deal, tied to AEVEX's stock performance and Maritime Applied Physics' future revenue generation.
Key Highlights
- AEVEX Corp. completed the acquisition of Maritime Applied Physics, LLC for a total enterprise value of $600,000,000.
- The consideration included 12,727,273 shares of AEVEX Class A common stock valued at $350,000,000 and cash.
- Contingent consideration of $50,000,000 is payable if AEVEX shares reach $28.00 and Maritime Applied Physics meets revenue and gross profit targets by December 31, 2027.
- Maritime Applied Physics, now AEVEX's Maritime Systems division, delivered 350+ unmanned surface vessels and has over 25,000 operational hours.
- The combined company offers battle-tested UAS, USVs, and UUVs with large-scale manufacturing capabilities in air and maritime domains.
- The acquisition aims to create one of the defense industry's most capable multi-domain autonomous systems providers.
Price Impact
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