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Applied Aerospace & Defense/$AADX

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About Applied Aerospace & Defense

Applied Aerospace & Defense Inc specializes in providing engineering and vertically integrated manufacturing solutions for space and defense technology companies. The company builds complex hardware for extreme operating environments, combining deep material science and IP-enabled process expertise with the ability to enable rapid prototyping, enhance new product development, and responsively scale production. The majority of the company's revenue is derived from the sales of Defense Aviation and Airborne Systems, followed by Space and Launch Systems, C5ISR and Precision Strike Systems.
Ticker
$AADX
Primary listing
NYSE
Employees
1,542

AADX Metrics

BasicAdvanced
$1.5B
-
-$1.01
-
-

What the Analysts think about AADX

Analyst ratings (Buy, Hold, Sell) for Applied Aerospace & Defense stock.
Analyst projections of the future price of Applied Aerospace & Defense stock.

Bulls say / Bears say

Second-quarter revenue rose 47.4% year on year, or 19.8% excluding 2026 acquisitions, and backlog reached $1.13 billion. That gives AADX a strong growth base and visibility into deliveries over the next few years. (Applied Aerospace & Defense)
Many products are sole-source and difficult to replace once qualified, while aftermarket and sustainment work adds repeat business. These features could make revenue more durable than one-off contract wins alone suggest. (CNBC)
IPO proceeds cut debt, leaving total debt at $405.8 million, pro forma net leverage around 2.7 times and $125 million available on the revolver. A lighter debt burden gives the company more room to invest in growth and handle production ramps. (U.S. Securities and Exchange Commission)
Profitability remains a concern: second-quarter adjusted EBITDA margin slipped to 21.8% from 23.2% a year earlier, while gross margin was 22.2% versus 28.2%. The large reported net loss was mainly tied to IPO costs, but weaker margins on ramping programmes still need to improve. (U.S. Securities and Exchange Commission)
Cash may lag reported earnings because long-cycle manufacturing creates unbilled work before customer milestones allow invoicing. CNBC reported unbilled receivables had risen to 34% of trailing sales, making cash conversion an important test. (CNBC)
The backlog is not guaranteed revenue: the company says customers can cancel or defer orders, and many contracts do not require minimum purchases. Customer concentration means a reduction in orders from a major account could also materially hurt results. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.

AADX Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

AADX Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing AADX

Funds
Fund name
Fund size
$AADX weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.01%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.01%
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