Applied Aerospace & Defense (AADX) announced the appointment of Elizabeth Robertson as executive vice president of business development, effective immediately. She will lead enterprise growth, new program capture, and strategic customer relationships across Applied’s three core markets: Space & Launch Systems, Defense Aviation & Airborne Systems, and C5ISR & Precision Strike Systems.
Robertson joins from Leidos, where she was vice president of business development for the Defense Sector Huntsville portfolio. Her background includes leadership of a major U.S. Army air and missile defense program, roles as chief operating officer of Interstellar Technologies and senior propulsion manager at Stratolaunch, and more than 13 years at NASA, including deputy chief engineer for Space Shuttle propulsion and integration.
Applied Aerospace & Defense (NYSE: AADX) reported second quarter 2026 revenue of $167.3 million, up 47.4% year over year, driven by growth across Space & Launch, Defense Aviation & Airborne, and C5ISR & Precision Strike markets. The company recorded a net loss of $154.0 million, which it attributed primarily to share-based compensation and IPO-related transaction expenses, and reported record Adjusted EBITDA of $36.4 million, up 38.5%.
Contract backlog reached $1.13 billion, supporting multi-year revenue visibility. Applied completed a $683.0 million IPO, generating approximately $635.6 million in net primary proceeds from about 34.2 million primary shares at $20.00 per share, and cited pro forma net leverage of 2.7x. For full year 2026, the company guides to $670–$690 million in revenue and $150–$155 million of Adjusted EBITDA.
Applied Aerospace & Defense (AADX) announced the appointment of Chris Rogers to the newly created role of President and Chief Strategy Officer, following the company’s June 2026 IPO. The change is intended to support accelerated growth and scaling of its mission-critical space and defense manufacturing infrastructure.
According to Applied Aerospace & Defense, Rogers will have broad strategic and operational oversight, driving connectivity across the enterprise while continuing to lead corporate strategy, business development, M&A, government relations, communications, and investor relations. Rogers previously spent over 20 years at Harris Williams as Managing Director and Head of the Aerospace, Defense & Government Services Group, and earlier served as a U.S. Marine Corps officer. The appointment comes ahead of the company’s earnings call scheduled for August 12, 2026.
Applied Aerospace & Defense (NASDAQ:AADX) will release its second quarter 2026 financial results for the period ended June 30, 2026 on Wednesday, August 12, 2026, before the market opens. Management will host a conference call at 8:30 a.m. ET the same day, accessible by phone and webcast.
Radius Aerospace (NYSE:AADX) appointed Tyler Evans as Chief Executive Officer, effective June 22, 2026. Former CEO Tony Johnson joins the Board of Directors.
Evans brings over 30 years of aerospace and defense leadership, including roles at Consolidated Boring, Aerojet Rocketdyne, and Pratt & Whitney Military Engines.
Applied Aerospace & Defense (NYSE:AADX) launched the roadshow for a proposed IPO of 32,500,000 common shares at an expected price range of $18.00–$21.00 per share. Underwriters may receive a 30‑day option for up to 4,875,000 additional shares.
According to Applied, net proceeds are intended for repayment of certain debt and general corporate purposes, including working capital, operating expenses and capital expenditures. The company has applied to list on the NYSE under ticker AADX; the registration statement is filed but not yet effective.