Aevex Shares Rise After Securing $92 Million DoD Hypersonic Test Contract

Shares of Aevex Corp. rallied 3.5% in pre-open trading after the company disclosed it has secured a significant contract from the U.S. Department of Defense. The award, valued at up to $92.2 million over three years, is for services supporting the Pentagon's hypersonic weapons testing infrastructure.

Contract Details

The contract tasks Aevex with supporting the DoD Test Resource Management Center’s SkyRange program. This initiative is designed to modernize the infrastructure used for hypersonic flight testing.

Key aspects of the program include:

• Converting former RQ-4 Global Hawk surveillance aircraft into specialized "Range Hawk" platforms.
• Equipping these high-altitude, long-endurance drones to collect real-time telemetry data during hypersonic test flights.
• Replacing legacy fixed and ship-based range tracking assets with more flexible airborne platforms.

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Market Impact and Context

This award represents a meaningful addition to the funded backlog for Aevex, a key metric for government contractors that indicates future revenue. The Solana Beach, California-based firm, which debuted on the NYSE in April 2026, has been actively securing government contracts to build this backlog.

Investors reacted positively to the news, which provides a clear catalyst for the stock. The announcement comes amid a constructive backdrop for the broader defense and autonomous systems sector, which has seen sustained government demand for unmanned and hypersonic-related technologies. The move also follows a recent marketing partnership with the NFL's Washington Commanders, aimed at increasing Aevex's brand visibility within the defense community in the Washington, D.C. area.