newsfilter
← Latest News
Business Wire·

AEVEX Secures Nearly $400 Million IDIQ Award for Unmanned Aircraft Systems

  • AEVEX Corp. (NYSE: AVEX) secured an Indefinite Delivery/Indefinite Quantity (IDIQ) contract with a ceiling of nearly $400 million for a U.S. customer.
  • The multi-year award creates a flexible framework for procuring unmanned aircraft systems and support services across various mission needs.
  • CEO Roger Wells stated the contract validates demand for scalable unmanned capabilities and positions AEVEX to support agile acquisition models.
  • AEVEX utilizes vertically integrated engineering, advanced manufacturing, and modular designs to enable rapid fielding of affordable unmanned systems.
  • The company provides autonomous systems, AI-enabled software, and electronic warfare solutions for contested and GPS-denied environments.
  • The press release includes forward-looking statements regarding contract performance and task order execution, noting they are subject to risks and uncertainties.