Applied Aerospace & Defense (AADX)
Builds mission-critical subsystems for space, aerospace, and defense platforms.
Something off on this page? Send us feedback.
Produces specialized space, aerospace, and defense subsystems through design, fabrication, assembly, testing, repair, and sustainment work. Revenue combines development, original-equipment production, and recurring aftermarket support, primarily through fixed-price contracts and largely within U.S. operations.
Designs, engineers, manufactures, tests, and sustains flight- and mission-critical subsystems for space, military aviation, C5ISR, and precision-strike platforms. Space and Launch Systems provides spacecraft assemblies, antennas, power and thermal hardware, deployable systems, and Spinnaker drag sails. Defense Aviation and Airborne Systems supplies flight controls, landing gear, fuel systems, transmission and engine components; C5ISR and Precision Strike Systems adds sensing, RF, missile-body, launch, propulsion, and survivability hardware.
Combines concurrent engineering and structural design with composite and metallic fabrication, bonding, precision machining, assembly, inspection, testing, repair, overhaul, logistics, and configuration management. Work spans development, original-equipment production, and aftermarket sustainment, delivered principally under fixed-price customer contracts. Operations and long-lived assets are substantially U.S.-based, while revenue depends on U.S. defense budgets, prime-contractor relationships, program appropriations, specialized suppliers and materials, security clearances, and 11 specialized U.S. facilities.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Guggenheim | Initiate | Rating: —Target: — | Target: $30 |
| Aug 13, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $23 | Target: $24 |
| Jun 29, 2026 | Robert W. Baird | Target | Target: — | Target: $30 |
| Jun 29, 2026 | Morgan Stanley | Target | Target: — | Target: $23 |
| Jun 29, 2026 | Stifel Nicolaus | Target | Target: — | Target: $24 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $18.1M · Total debt $431.5M · Total assets $1.50B · Shareholders' equity $827.9M
- Revenue
- $167.3M
- Operating income
- −$96.2M
- Net income
- −$154.0M
No dividends on record.
| Institutions | 23.10% | 39.82M shares | |
|---|---|---|---|
| 96 holders · as of Jun 30, 2026 | |||
| Other | 76.90% | 132.57M shares | |
| remainder | |||
172.39M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
AA&D Holdings, LPInstitution | 73.54% | 126.79M | filed Aug 13, 2026 |
AllianceBernstein L.P.Institution | 1.93% | 3.33M | as of Jun 30, 2026 |
Temasek Holdings (Private) LtdInstitution | 1.89% | 3.25M | as of Jun 30, 2026 |
Massachusetts Financial Services Co /MA/Institution | 1.36% | 2.34M | as of Jun 30, 2026 |
Bamco Inc /NY/Institution | 1.26% | 2.17M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Ducommun
Core aircraft structures and C5ISR electronics contest key military programs.
- Karman
Launch and missile hardware overlaps in structures, separation, and propulsion.
- Redwire
Spacecraft power, deployables, RF, and payloads overlap in space systems.
- Park Aerospace
Composite materials and structures overlap in aircraft, space, and missile work.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Applied Aerospace & Defense | $12.54 | −2.75% | $2.21B | — | 31.3 | 3.7 | — |
| Ducommun | $166.00 | −1.24% | $2.54B | — | 34.0 | 2.9 | +11.0% |
| Karman | $33.28 | −5.50% | $4.67B | 123.6 | 44.0 | 7.9 | +58.2% |
| Redwire | $11.44 | −1.36% | $2.77B | — | — | 6.5 | +89.6% |
| Park Aerospace | $30.06 | −0.79% | $659.1M | 48.1 | 42.3 | 8.6 | +18.9% |
| Median | 85.8 | 42.3 | 7.2 | +38.5% |