AEVEX is a defense technology firm that designs, manufactures, and operates autonomous unmanned systems for the U.S. military and allied nations. Primary products include unmanned aerial systems, loitering munitions, unmanned surface vehicles, and counter-drone capabilities. AEVEX operates through two segments: Tactical Systems and Global Solutions. Tactical Systems produces autonomous platforms utilizing the proprietary CompassX software suite to enable navigation in GPS-denied environments. This segment uses mobile additive manufacturing units, known as ForgeX, to produce systems near the point of use. Global Solutions provides airborne intelligence, surveillance, and reconnaissance services, manned aircraft modifications, and intelligence analysis. The business model centers on U.S. government contracts structured as fixed-price, cost-plus, or time-and-materials agreements. While the U.S. Department of War is its primary customer, AEVEX also pursues international growth through foreign military sales to allied governments. AEVEX’s strategy involves scaling production for major programs of record, expanding into adjacent markets like electronic warfare, and executing strategic M&A to enhance its technology stack and manufacturing capabilities.