AEVEX joins Persistent Systems' Wave Relay® Ecosystem

AEVEX (AVEX) joined Persistent Systems' Wave Relay® Ecosystem on May 5, 2026, integrating Wave Relay® MANET into its Atlas UAS and Mako and Mako Lite USVs.

Rhea-AI Summary

AEVEX (AVEX) joined Persistent Systems' Wave Relay® Ecosystem on May 5, 2026, integrating Wave Relay® MANET into its Atlas UAS and Mako and Mako Lite USVs.

The integration extends the Ecosystem to a wider set of unmanned platforms, marks AEVEX as the 20th partner, and notes Atlas's selection for the Army's Launched Effects-Short Range program.

Positive

• Wave Relay integrated into Atlas UAS, Mako and Mako Lite USVs
• Atlas selected for Army's Launched Effects-Short Range program
• AEVEX is 20th Wave Relay Ecosystem partner expanding platform coverage
• Cloud Relay capability supports global connectivity in contested environments

Negative

• None.

Argus May 5 session

-6.18% close to close Open Argus

Details

News Market Reaction – AVEX

In the May 5 session, AVEX declined 6.18%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.2% in the session following this news. A negative reaction despite operationally ...

Analysis

The stock moved -6.2% in the session following this news. A negative reaction despite operationally positive ecosystem news would fit a stock still below its 200-day MA of 30.64 and trading 36.54% under its 52-week high of 42.34. Investors may have focused on broader post-IPO repositioning or credit facility leverage instead of the partnership. While insiders recently made net open‑market purchases at $20.00, new issuers often experience choppy trading as the market digests capital structure and fundamentals.

Key Figures

Credit facilities: $375.0M Term loan borrowed: $100.0M IPO shares: 16,000,000 shares +5 more

Credit facilities

$375.0M

Senior secured credit facilities under new credit agreement

Term loan borrowed

$100.0M

Drawn at closing under new term loan facility

IPO shares

16,000,000 shares

Class A common stock in initial public offering

IPO price

$20.00 per share

Initial public offering price for Class A shares

Underwriter option

2,400,000 shares

Additional shares purchased via 30-day option

Net IPO proceeds

$300.8M

Expected net proceeds to AEVEX Corp. before expenses

Revenue guidance range

$200.0M–$208.0M

Estimated revenue for quarter ended March 31, 2026

Adjusted EBITDA range

$33.5M–$36.4M

Estimated Adjusted EBITDA for quarter ended March 31, 2026

Key Terms

uas, isr, electronic warfare (ew)

3 terms

uas technical

"Atlas is a Group II UAS supporting ISR and precision-strike mission variants"

UAS stands for Unmanned Aircraft System, the complete setup that lets a remotely piloted aircraft (commonly called a drone) fly safely — including the aircraft itself, the ground controller, communications links and supporting equipment. Investors watch UAS because rules, technology and demand for tasks like surveying, delivery or aerial inspection directly affect companies’ sales and regulatory costs; think of it as a vehicle plus its keys, radio and support crew that together determine whether it can operate profitably.

isr technical

"Atlas is a Group II UAS supporting ISR and precision-strike mission variants"

ISR stands for socially responsible investing (from the French phrase Investissement Socialement Responsable) and means choosing stocks, bonds or funds based on environmental, social and governance criteria in addition to financial return. Like picking a brand that matches your values, ISR matters to investors because it helps align portfolios with personal or institutional priorities, can reduce exposure to companies with regulatory or reputational risks, and can influence demand and valuation for firms deemed more sustainable.

electronic warfare (ew) technical

"because of its high scalability, resilience to Electronic Warfare (EW), collaborative"

Electronic warfare is the use of the electromagnetic spectrum—radio waves, radar, GPS signals and similar emissions—to detect, confuse, block or protect electronic systems such as communications, navigation and sensors. Think of it as deliberately creating static, fake signals or protective filters for a radio or GPS device to hide movements or deny an opponent’s view. Investors watch it because governments and companies buy these capabilities as part of defense, security and critical-infrastructure spending, which can drive revenue, contracts and technology risk for suppliers and customers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Wave Relay® MANET as preferred network for Atlas UAS, Mako and Mako Lite USVs

NEW YORK, May 5, 2026 /PRNewswire/ -- Persistent Systems, LLC ("Persistent"), a leader in advanced networking solutions, announced today that AEVEX, a defense technology company providing autonomous unmanned systems and mission solutions for U.S. and allied customers, has joined Persistent's Wave Relay® Ecosystem. AEVEX is integrating the Wave Relay® MANET into its Atlas unmanned aerial system (UAS) and its Mako and Mako Lite unmanned surfaced vessels (USVs). 

• Atlas is a Group II UAS supporting ISR and precision-strike mission variants; 
• Mako and Mako Lite are modular unmanned surface vehicles equipped for ISR, maritime sensing, communications relay, and mission‑tailorable payloads.

The Wave Relay® Ecosystem is an industry alliance of unmanned systems and sensor companies leveraging the Wave Relay network to unite warfighters and battlefield technology on a common fabric of connectivity.

"Prior to AEVEX joining the Ecosystem, our Wave Relay® MANET was integrated into their Atlas UAS, which was selected for the Army's Launched Effects-Short Range program following successful testing," said Ed Fahrenkrug, Director of Programs at Persistent Systems. "We are excited to be partnering with a leader in precision strike unmanned systems and build on the Army's success to meet future operational needs."

The addition of AEVEX extends the Wave Relay® Ecosystem across a broader set of unmanned platforms. Persistent believes autonomous systems will soon outnumber warfighters on the battlefield, and networking systems, sensors, and warfighters into a common operating picture will require both resilience and high network scalability. The Wave Relay® MANET provides that scalable communication fabric today. 

"We chose Persistent's Wave Relay® MANET for communications because of its high scalability, resilience to Electronic Warfare (EW), collaborative behavior, targeting, and intelligence collection," said Chris Robinson, Vice President of Business Development at AEVEX. "Additionally, Persistent's Cloud Relay™ capability supports global connectivity in contested environments."

With AEVEX as the 20^th Wave Relay® Ecosystem partner, the Wave Relay® MANET has become the standard network uniting unmanned systems, sensors, devices, and warfighters on a global fabric of connectivity. 

About Persistent Systems, LLC

Persistent Systems, LLC, a leader in defense technology, has been engineering secure Mobile Ad Hoc Networking (MANET) solutions since 2007, enabling joint forces and multinational coalitions to communicate, collaborate, and achieve mission success. Persistent created the Wave Relay® Ecosystem, a unified data network for unmanned systems, sensors, and software, empowering warfighters to accomplish tactical objectives across the operational area.  Built on the company's Wave Relay® MANET and Cloud Relay™ technologies, this ecosystem delivers a global data fabric for military, first responders, and commercial users. Persistent has offices in New York City, Colorado, North Carolina, Montana, North Dakota, and Wyoming.

About AEVEX

AEVEX Corp. (NYSE: AVEX) is a leading U.S. defense technology company delivering autonomous unmanned systems, AI‑enabled mission software, and advanced ISR and electronic warfare solutions for national security customers. With vertically integrated engineering, rapid prototyping, and high‑volume manufacturing across multiple U.S. locations, AEVEX provides affordable, front‑line‑ready capabilities designed for contested and GPS‑denied environments. AEVEX's mission is to strengthen deterrence, enhance warfighter effectiveness, and help ensure the United States maintains technological and industrial advantage in the era of autonomy.

View original content to download multimedia:https://www.prnewswire.com/news-releases/aevex-joins-persistent-systems-wave-relay-ecosystem-302761623.html

SOURCE Persistent Systems, LLC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AEVEX announce about integrating Wave Relay MANET into Atlas UAS and Mako USVs (AVEX)?

AEVEX announced it will integrate Wave Relay MANET into its Atlas UAS and Mako/Mako Lite USVs for communications. According to the company, the integration aims to provide scalable, resilient networking and support ISR, maritime sensing, communications relay, and mission‑tailorable payloads.

Does Atlas UAS have any military selections related to Wave Relay integration (AVEX)?

Yes, Atlas was selected for the Army's Launched Effects-Short Range program following testing. According to the company, Atlas previously had Wave Relay MANET integrated prior to AEVEX joining the Ecosystem, supporting ISR and precision‑strike variants.

How does Persistent describe Wave Relay MANET's capabilities for AEVEX platforms (AVEX)?

Persistent describes Wave Relay MANET as offering high scalability and resilience for contested environments. According to the company, the network provides collaborative behavior, targeting and intelligence collection support, plus resilience against Electronic Warfare.

What is Persistent's Cloud Relay capability mentioned in the AEVEX announcement (AVEX)?

Cloud Relay provides global connectivity for Wave Relay-equipped systems in contested environments. According to the company, Cloud Relay complements MANET by enabling wider reach and persistent connectivity across dispersed platforms and allied networks.

How does AEVEX joining affect the Wave Relay Ecosystem and investors tracking AVEX?

AEVEX becomes the 20th partner, broadening unmanned platform support across air and surface vehicles. According to the company, this expands the Ecosystem's interoperability among unmanned systems, sensors, devices, and warfighters on a common connectivity fabric.