US Stock Market Move | Military drone manufacturer Aevex Corp (AVEX.US) enters the US stock market, opening up more than 20%

On Friday, military drone manufacturer Aevex Corp (AVEX.US) landed on the US stock market, with its opening stock price rising more than 20% to $24.141, from its IPO price of $20. The company develops unmanned and autonomous systems for defense applications, with a focus on AI-supported aviation platforms used for surveillance, reconnaissance, and precision strikes. Its products include loitering munitions and other unmanned systems designed to operate in complex or GPS-denied environments, supported by patented software for navigation and sensor integration. The company primarily serves the US government (accounting for 78% of revenue in 2025) as well as allies and partners, generating revenue through the sale of systems and related services in its Tactical and Global Solutions divisions.