A defense contractor that supplies equipment to the government announced Friday it wants to become a publicly traded company.
Applied Aerospace & Defense, headquartered in Huntsville, Alabama, submitted paperwork for an initial public offering that would allow investors to buy shares of the space and defense equipment manufacturer.
The company was created in 2023 when Greenbriar Equity Group, a private investment firm that focuses on mid-sized businesses, merged two companies – Applied Aerospace and PCX Aerosystems – into one entity.
When the stock offering moves forward, Applied Aerospace & Defense shares will trade on the New York Stock Exchange using the ticker symbol “AADX.”
Investment banks Morgan Stanley and Jefferies are serving as lead underwriters for the public offering.
