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    AADX

    Applied Aerospace & Defense, Inc.

    Company overview

    Market capitalization
    $2.08B
    Employees
    1,542
    Latest publication
    2026-09-29
    About Applied Aerospace & Defense, Inc.

    Applied Aerospace & Defense, Inc. designs, engineers, and manufactures integrated aerospace and defense subsystems for space and defense applications. The company provides Space and launch Systems, which include propellant tanks and engine nozzles; nose cones, fairings, and payload adapters; solar arrays and deployable systems; satellite bus and payload assemblies; Spinnaker® de-orbit systems; antennas and precision platforms; and landing legs, tubes, and booms; Defense Aviation and Airborne Systems, which support airborne mission platforms for air dominance, ground attack, electronic warfare, air-to-air refueling, transport, and autonomous collaborative combat, and include wings and control surfaces, landing gear and arresters, engine shafts, gears, and transmissions; fuel tanks and refueling booms; and fuselage structures; C5ISR and Precision Strike Systems, which support land and maritime based integrated defense systems for intelligence, surveillance, reconnaissance, forward presence, and stand-off missions, and include radar and communications antennas; missile bodies and launchers; directed energy systems; and electronic enclosures; detection and tracking platforms; and maritime sensors and propulsion. It also provides design, prototyping and manufacturing of hardware and assemblies using composite, metallic, and polymer manufacturing. The company uses IP-enabled processes and production supported by specialized equipment and experience. It offers in-house testing and inspection along with materials and testing services to support performance and verification requirements. The company also provides Spinnaker® Deorbit Systems with configurations for satellites and launch vehicle components to support de-orbit applications. The company was formerly known as GB Eagle Topco, Inc. and changed its name to Applied Aerospace & Defense, Inc. in November 2025. Applied Aerospace & Defense, Inc. was incorporated in 2022 and is headquartered in Huntsville, Alabama.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ1 20252025-03-31 · USD
    Total Revenue167,318,000USD151,983,000USD111,024,000USD
    Cost Of Revenue130,132,000USD115,472,000USD80,140,000USD
    Gross Profit37,186,000USD36,511,000USD30,884,000USD
    Selling General Administrative123,315,000USD82,753,000USD12,367,000USD
    Total Operating Expenses133,418,000USD209,047,000USD99,045,000USD
    Operating Income-96,232,000USD-57,064,000USD11,979,000USD
    Total Other Income Expense Net-26,249,000USD——
    Interest Expense26,249,000USD22,943,000USD16,720,000USD
    Income Before Tax-122,481,000USD-80,007,000USD-4,741,000USD
    Income Tax Expense31,490,000USD——
    Net Income-153,971,000USD-78,822,000USD-7,313,000USD
    Unclassified Operating Expenses—126,294,000USD86,678,000USD
    Net Interest Income—-22,943,000USD-16,720,000USD
    Tax Provision—-1,185,000USD2,572,000USD
    Net Income From Continuing Ops—-78,822,000USD-7,313,000USD
    Reconciled Depreciation—12,109,000USD9,723,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USD
    Total Revenue604,343,000USD399,790,000USD
    Cost Of Revenue439,999,000USD301,715,000USD
    Gross Profit164,344,000USD98,075,000USD
    Selling General Administrative65,226,000USD41,748,000USD
    Unclassified Operating Expenses482,334,000USD325,176,000USD
    Total Operating Expenses547,560,000USD366,924,000USD
    Operating Income56,783,000USD32,866,000USD
    Interest Expense103,838,000USD63,705,000USD
    Net Interest Income-103,838,000USD-63,705,000USD
    Income Before Tax-47,055,000USD-30,839,000USD
    Tax Provision2,137,000USD3,927,000USD
    Net Income-49,192,000USD-34,766,000USD
    Net Income From Continuing Ops-49,192,000USD-34,766,000USD
    Reconciled Depreciation39,420,000USD35,222,000USD
    SourceLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USD
    Total Assets1,500,219,000USD1,483,919,000USD
    Cash And Equivalents18,108,000USD—
    Total Current Assets355,064,000USD334,742,000USD
    Other Current Assets8,735,000USD8,362,000USD
    Other Non Current Assets43,392,000USD—
    Total Liabilities672,338,000USD—
    Total Current Liabilities141,501,000USD160,256,000USD
    Other Current Liabilities63,299,000USD—
    Other Non Current Liabilities50,636,000USD—
    Total Stockholder Equity827,881,000USD233,788,000USD
    Total Equity Including Noncontrolling Interest827,881,000USD—
    Short Long Term Debt10,636,000USD56,483,000USD
    Long Term Debt395,173,000USD948,724,000USD
    Deferred Revenue25,287,000USD—
    Net Receivables69,590,000USD67,140,000USD
    Inventory60,963,000USD64,685,000USD
    Property Plant Equipment Net167,037,000USD158,205,000USD
    Goodwill581,427,000USD—
    Accounts Payable45,772,000USD51,650,000USD
    Common Stock1,724,000USD—
    Retained Earnings-232,140,000USD-78,169,000USD
    Accumulated Other Comprehensive Income-646,000USD—
    Intangible Assets—363,502,000USD
    Total Liab—1,250,131,000USD
    Other Current Liab—10,152,000USD
    Capital Stock—0USD
    Good Will—583,408,000USD
    Cash—15,923,000USD
    Net Debt—989,284,000USD
    Property Plant Equipment Gross—209,825,000USD
    Common Stock Shares Outstanding—170,743,518shares
    Non Current Assets Total—1,149,177,000USD
    Non Current Liabilities Total—1,089,875,000USD
    Non Current Liabilities Other—56,408,000USD
    Non Currrent Assets Other—39,678,000USD
    Net Working Capital—174,486,000USD
    Unclassified Current Assets—178,632,000USD
    Unclassified Current Liabilities—41,971,000USD
    Unclassified Non Current Liabilities—84,743,000USD
    Unclassified Equity—311,957,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USD
    Total Assets999,301,000USD949,792,000USD
    Intangible Assets199,672,000USD215,934,000USD
    Other Current Assets6,521,000USD5,101,000USD
    Total Liab839,837,000USD783,947,000USD
    Total Stockholder Equity159,464,000USD165,845,000USD
    Other Current Liab8,234,000USD3,846,000USD
    Capital Stock0USD0USD
    Retained Earnings-63,037,000USD-46,013,000USD
    Good Will342,491,000USD332,965,000USD
    Cash15,475,000USD27,466,000USD
    Total Current Assets291,574,000USD244,965,000USD
    Total Current Liabilities94,482,000USD113,541,000USD
    Net Debt618,568,000USD548,159,000USD
    Short Long Term Debt7,068,000USD20,678,000USD
    Long Term Debt626,975,000USD554,947,000USD
    Net Receivables71,386,000USD51,337,000USD
    Inventory57,375,000USD50,494,000USD
    Accounts Payable37,894,000USD33,649,000USD
    Property Plant Equipment Net119,777,000USD116,609,000USD
    Property Plant Equipment Gross168,099,000USD153,787,000USD
    Common Stock Shares Outstanding170,743,518shares170,743,518shares
    Non Current Assets Total707,727,000USD704,827,000USD
    Non Current Liabilities Total745,355,000USD670,406,000USD
    Non Current Liabilities Other52,791,000USD49,803,000USD
    Non Currrent Assets Other44,918,000USD39,319,000USD
    Net Working Capital197,092,000USD131,424,000USD
    Unclassified Current Assets140,817,000USD110,567,000USD
    Unclassified Current Liabilities41,286,000USD55,368,000USD
    Unclassified Non Current Liabilities65,589,000USD65,656,000USD
    Unclassified Equity222,501,000USD211,858,000USD
    SourceLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation27,236,000USD
    Stock Based Compensation110,842,000USD
    Deferred Income Tax-12,402,000USD
    Change To Account Receivables12,656,000USD
    Change To Inventory7,834,000USD
    Change To Liabilities-26,151,000USD
    Change In Working Capital20,730,000USD
    Operating Cash Flow-82,091,000USD
    Capital Expenditures-21,639,000USD
    Other Investing Activities-305,810,000USD
    Investing Cash Flow-327,449,000USD
    Net Debt Issuance-874,000USD
    Unclassified Financing Cash Flow413,047,000USD
    Financing Cash Flow412,173,000USD
    Change In Cash2,633,000USD
    End Cash Flow18,108,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ1 20252025-03-31 · USD
    Net Income-78,822,000USD-7,313,000USD
    Depreciation12,109,000USD9,723,000USD
    Stock Based Compensation756,000USD802,000USD
    Other Non Cash Items634,000USD691,000USD
    Change To Account Receivables15,119,000USD3,782,000USD
    Change To Inventory2,615,000USD-2,066,000USD
    Change In Working Capital-57,100,000USD-10,177,000USD
    Total Cash From Operating Activities-72,031,000USD-6,911,000USD
    Capital Expenditures-7,136,000USD-4,910,000USD
    Free Cash Flow-79,167,000USD-11,821,000USD
    Net Borrowings370,505,000USD3,220,000USD
    Total Cash From Financing Activities388,283,000USD3,220,000USD
    Issuance Of Capital Stock18,700,000USD0USD
    Change In Cash448,000USD-18,952,000USD
    Begin Period Cash Flow15,475,000USD27,466,000USD
    End Period Cash Flow15,923,000USD8,514,000USD
    Unclassified Operating Cash Flow50,392,000USD—
    SourceLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USD
    Net Income-49,192,000USD-34,766,000USD
    Depreciation39,420,000USD35,222,000USD
    Stock Based Compensation3,210,000USD2,535,000USD
    Other Non Cash Items6,466,000USD3,778,000USD
    Change To Account Receivables-19,565,000USD-6,175,000USD
    Change To Inventory-6,484,000USD-2,959,000USD
    Change In Working Capital-60,739,000USD2,588,000USD
    Total Cash From Operating Activities-28,941,000USD4,649,000USD
    Capital Expenditures-17,433,000USD-14,878,000USD
    Free Cash Flow-46,374,000USD-10,229,000USD
    Net Borrowings50,686,000USD120,739,000USD
    Total Cash From Financing Activities44,734,000USD37,657,000USD
    Dividends Paid0USD-80,000,000USD
    Change In Cash-11,991,000USD-6,840,000USD
    Begin Period Cash Flow27,466,000USD34,306,000USD
    End Period Cash Flow15,475,000USD27,466,000USD
    Unclassified Operating Cash Flow31,894,000USD-4,708,000USD
    Unclassified Financing Cash Flow-5,952,000USD-3,082,000USD
    SourceLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductC5ISRAnd Precision Strike Systems49,587,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductDefense Aviation And Airborne Systems78,929,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductSpace And Launch Systems38,802,000USDDisclosure

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.