GeneralBullishBlockonomi · 3h ago6/10
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Applied Aerospace & Defense (AADX) Debuts on NYSE After $650M IPO
Applied Aerospace & Defense (AADX) raised $650M through its IPO on the NYSE at $20 per share, establishing itself as a supplier to major defense contractors including Boeing and Anduril. Despite strong 40% revenue growth, the company remains unprofitable, reflecting a common pattern among high-growth defense tech firms entering public markets.