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Applied Aerospace & Defense Reports Third Quarter 2026 Financial Results

AADX
  • Applied Aerospace & Defense reported third-quarter 2026 revenue of $182.1 million, a 48.6% increase year-over-year.
  • The company generated net income of $30.6 million with diluted earnings per share of $0.18.
  • Adjusted EBITDA reached $39.7 million, representing a 37.4% year-over-year growth.
  • Contract backlog grew to approximately $1.3 billion, providing multi-year revenue visibility.
  • Revenue growth excluding 2026 acquisitions was 20.3%, driven by strength across Space and Launch Systems, Defense Aviation, and Advanced Sensing markets.
  • Full-year 2026 revenue outlook was updated to a range of $660 million to $670 million.
  • Full-year 2026 non-GAAP Adjusted EBITDA outlook was updated to a range of $137 million to $142 million.
  • The company completed acquisitions in 2026 that added capabilities in areas critical to customer demand.
  • Defense Aviation revenue grew due to aftermarket demand for military rotorcraft and new production activity supported by increased global defense budgets.
  • Advanced Sensing revenue increased by $36.3 million in the quarter due to higher sales volume in integrated air and missile defense systems.
  • The company hosted a conference call on November 11, 2026, to discuss financial results and strategic investments.