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.

AEVEX Corp. entered into an Agreement and Plan of Reorganization to acquire Maritime Applied Physics Corporation (BlackSea Technologies) for a total enterprise value of $600 million, subject to working capital adjustments. The transaction involves issuing approximately 12.73 million shares valued at $350 million and paying the remainder in cash, with up to $50 million in contingent consideration based on stock price and revenue targets through December 2027. AEVEX is a U.S. defense technology company specializing in autonomous systems, AI-enabled mission software, and advanced ISR solutions.

AEVEX Corp. reported second quarter 2026 financial results on August 12, 2026, announcing total revenue of $201.8 million, a 99.5% increase from the prior year period. The company achieved net income of $6.7 million compared to a net loss of $11.8 million in Q2 2025, with Adjusted EBITDA rising to $28.1 million from $3.6 million. AEVEX raised its full-year 2026 revenue guidance to $700.0–$720.0 million and Adjusted EBITDA guidance to $105.0–$111.5 million. Additionally, the company announced a definitive agreement to acquire BlackSea Technologies to expand its autonomous systems portfolio. AEVEX Corp. operates in the defense technology industry, delivering autonomous unmanned systems, AI-enabled mission software, and advanced ISR solutions for national security customers.