Mergers & Acquisitions ·
AEVEX Corp. completed the acquisition of Maritime Applied Physics, LLC (f/k/a BlackSea Technologies) on September 8…
AVEXAEVEX Corp.
AEVEX Corp. completed the acquisition of Maritime Applied Physics, LLC (f/k/a BlackSea Technologies) on September 8, 2026. The transaction carries a total enterprise value of $600 million, subject to customary adjustments and a $5 million net working capital escrow. Consideration included 12,727,273 shares of Class A common stock valued at $350 million and the remainder in cash. An additional contingent consideration of up to $50 million is payable if specific revenue and gross profit targets are met under U.S. government contracts by December 31, 2027, or if the stock price exceeds $28. The acquisition integrates BlackSea's unmanned surface and subsea vessels into AEVEX's portfolio. AEVEX Corp. operates in the defense technology industry, providing autonomous unmanned systems, AI-enabled mission software, and ISR solutions.