AEVEX (NYSE:AVEX) reported sharply higher first-quarter revenue and profitability in its first earnings call as a public company, citing strong execution on a large unmanned aerial systems program and rising demand for autonomous defense platforms.
Chief Executive Officer Roger Wells said the company is benefiting from growing U.S. and allied military demand for autonomous systems across air and maritime domains. AEVEX develops unmanned systems and autonomy software, including its CompassX technology stack, and operates through two segments: Tactical Systems and Global Solutions.
