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.
