What Happened
Aerospace Company Sees Significant Growth in Space and Defense Technology
Applied Aerospace & Defense, a premier provider of advanced design, engineering, and manufacturing solutions, reported its second-quarter 2026 financial results, with record revenue of $167.3 million, up 47.4% year over year. The company’s Adjusted EBITDA reached $36.4 million, a 38.5% increase from the prior year. Despite incurring a net loss of $154.0 million, primarily due to share-based compensation and transaction expenses related to its initial public offering, the company’s contract backlog grew to over $1.1 billion, providing solid multi-year revenue visibility. According to the company’s CEO, Trip Ferguson, the strong performance reflects the company’s position at the intersection of growing demand for space and defense technology. This was reported by Unknown Source.