Here are the S-1 registration statements from Applied Aerospace & Defense, Inc. (AADX) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow AADX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AADX filings page.
Applied Aerospace & Defense, Inc. is conducting an initial public offering of 32,500,000 shares of common stock, with an estimated price range of $18.00 to $21.00 per share and an additional 4,875,000-share underwriters’ option.
The company provides advanced engineering and vertically integrated manufacturing for space and defense programs across space and launch, defense aviation, and C5ISR and precision strike systems. Revenue grew to $498.8 million in 2025, up 24.8% from 2024, with Adjusted EBITDA of $117.9 million and a 23.6% margin, though it reported a $17.0 million net loss. As of March 31, 2026, total indebtedness was about $1,017.8 million and contract backlog was $1,060.1 million, supporting future visibility. After the IPO, affiliates of Greenbriar Equity Group are expected to beneficially own about 81.0% of the stock, making the company a NYSE “controlled company,” and it also qualifies as an “emerging growth company.”