The boom in national defense technology listings continues! HawkEye 360 (HAWK.US) IPO priced at $24-26 per share, aiming to raise $416 million.

HawkEye 360 (HAWK.US), which provides satellite signal intelligence for US government agencies, is planning to raise $416 million through its initial public offering (IPO). The company submitted documents to the US Securities and Exchange Commission (SEC) on Monday, stating that they plan to issue 16 million shares of stock at a price of $24 to $26 per share. At the highest price point, HawkEye 360's market value will reach $2.4 billion. According to the documents, the Virginia-based company had revenue of $117.7 million in 2025, a significant increase from the previous year's $67.6 million; and a net profit of $48,000 compared to a loss of $31.2 million in the previous year. Founded in 2015, HawkEye 360 owns and operates a satellite constellation of over 30 satellites that can monitor radio signals from transmitters such as radars, jammers, and satellite phones, and use their own signal processing algorithms to process confidential data for the US government. This IPO comes at a time when there is increasing interest in the defense technology sector, with global conflict driving up military spending in various countries. Arxis (ARXS.US), which provides electronic components for aerospace and defense companies, increased its IPO size this month and raised $1.3 billion, with its stock rising 38% on the first day of trading. Military drone manufacturer Aevex (AVEX.US) also saw a 35% increase in its stock after raising $368 million through an IPO. Data from PitchBook shows that in a recent $173 million Series E funding round led by NightDragon, HawkEye 360 was valued at close to $2 billion. Shareholders with over 5% ownership include NightDragon, Insight Partners, Singapore's sovereign wealth fund GIC Pte, and Razor's Edge Ventures II. The company's backlog of orders grew by over six times last year, reaching nearly $303 million, compared to $44 million the previous year. The funds from the IPO are expected to be used to pay off debts and for deferred payments related to the acquisition of signal processing technology provider Innovative Signal Analysis, based in Dallas, in December. Goldman Sachs Group, Inc. and Morgan Stanley will lead the offering. HawkEye 360 plans to list on the New York Stock Exchange with the ticker symbol "HAWK".