AEVEX Lands $50 Million Air Force Deal

AEVEX Corp. (NYSE: AVEX ) stock rose in Tuesday’s premarket session after the company secured a $50 million U.S. Air Force contract to expand unmanned mission-support capabilities. The contract includes $27 million in initial funding and supports continued production of AEVEX’s long-range precision strike platform. The company said the modular, expeditionary system is designed for extended-range missions in contested and GPS-denied environments. Platform Capabilities AEVEX said the platform provides high-payload capacity, rapid reconfiguration, and seamless payload integration to support multiple mission profiles and emerging customer requirements. Work under the contract will take place across AEVEX’s U.S. engineering, integration, and production facilities. “This award underscores the confidence our customers place in AEVEX to provide affordable, rapidly depl...