AEVEX Corp. secured a $41 million contract to provide one-way attack systems to unspecified U.S. government customers. The award reflects rising demand for the company's unmanned and autonomous defense technology.
This funding will expand AEVEX's support for priority military operations. The project builds upon existing work providing autonomous platforms for challenging environments.
Company shares traded nearly 4% higher in overnight trading following the announcement. This price movement occurred ahead of the market open on Friday, August 21.