AEVEX Reports 100% Revenue Growth and $150M BlackSea Acquisition

AEVEX reported nearly 100% year-over-year revenue growth for 2026 while integrating the recently acquired BlackSea Technologies. The firm specializes in unmanned defense systems and secured over 95% of its fiscal 2026 revenue through funded backlogs, which indicates demand for its technology across global defense markets.

"We have a strong conviction and line of sight to the fiscal year 2026 revenue and margin," said Roger Wells, CEO of AEVEX, during the Jefferies Global Industrials Conference 2026.

Impact of the BlackSea Acquisition

On September 9, 2026, AEVEX finalized its acquisition of BlackSea Technologies. This move adds approximately $150 million in annual revenue to the company’s top line and diversifies its portfolio into maritime and subsea autonomous capabilities. By integrating these assets, AEVEX intends to fill gaps in its existing intelligence and surveillance offerings.

Scaling Production Capacity

To meet the demand reflected in its current backlog, AEVEX is expanding its physical footprint. The company is developing an 83,000-square-foot production facility in Tampa, Florida. Management expects this site to more than double total production capacity within the next year.

Implications for Defense Markets

The company’s scaling reflects an industry trend toward the deployment of autonomous unmanned systems. By securing nearly all of its annual revenue in funded backlogs, AEVEX reduces the volatility associated with defense contracting. The expansion into maritime domains via the BlackSea acquisition allows the firm to compete for multi-domain contracts that require interoperability between aerial, land, and subsea autonomous platforms.