Applied Aerospace & Defense reported second quarter 2026 financial results, generating record revenue of $167.3 million, a 47.4% increase year over year, and record Adjusted EBITDA of $36.4 million. The company incurred a net loss of $154.0 million primarily due to share-based compensation and transaction expenses related to its June 2026 initial public offering, which raised approximately $635.6 million in net proceeds. Contract backlog grew to over $1.1 billion, providing multi-year revenue visibility. For full year 2026, the company expects total revenue between $670 million and $690 million and non-GAAP Adjusted EBITDA between $150 million and $155 million. Applied Aerospace & Defense is a premier provider of advanced design, engineering, and vertically integrated manufacturing solutions for leading and next-generation space and defense technology companies.

Applied Aerospace & Defense appointed Chris Rogers as President and Chief Strategy Officer effective July 27, 2026. Rogers previously served as the company's Chief Growth Officer since December 2025 and brings over two decades of experience from Harris Williams, where he was Managing Director and Head of the Aerospace, Defense & Government Services Group. His new role consolidates his prior responsibilities with broad strategic and operational oversight across the enterprise, including business development, M&A, government relations, communications, and investor relations. He reports to CEO Trip Ferguson, and his compensation remains unchanged from his previous arrangement. This leadership restructuring follows the company's IPO in June 2026 and precedes its upcoming earnings call on August 12, 2026. Applied Aerospace & Defense is a provider of advanced design, engineering, and vertically integrated manufacturing solutions for space and defense technology companies.

Applied Aerospace & Defense, Inc. completed its initial public offering (IPO) on June 4, 2026, involving the sale of 32,500,000 shares of common stock at $20.00 per share. The underwriting agreement includes a 30-day option for underwriters to purchase up to an additional 4,875,000 shares.