What Happened
Aerospace Company Sees Strong Demand In Space And Defense Markets
Applied Aerospace & Defense reported record second-quarter 2026 revenue and adjusted EBITDA, driven by strong demand in space and defense markets. The company’s revenue reached $167.3 million, up 47.4% year-over-year, while adjusted EBITDA rose 38.4% to $36.4 million. The backlog climbed to over $1.1 billion, providing visibility into 2026 and 2027. However, the net loss widened to $154 million due to IPO-related costs and other one-time expenses. According to Investing.com, the company’s strong growth rates and expanding backlog position it for long-term success in the aerospace and defense industry.