The company's revenue profile underscores its strong positioning within defence supply chains. The US government accounted for approximately 78% of revenue in 2025, while AEVEX reported a funded backlog of $503m. For Madison Dearborn, the IPO represents a potential liquidity event in a sector benefiting from structural tailwinds, including rising global defence budgets and the growing importance of drone-based warfare. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
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