Aevex Corp.

AEVEX Reaffirms Maritime Systems Strategy and Continued U.S. Navy Investment

AEVEX publicly reaffirmed its Maritime Systems strategy, denying reports that the U.S. Navy halted GARC orders over performance issues, stating no orders were halted and contractual obligations were fulfilled with 325 units delivered in 2025. The company disclosed that its existing GARC contract received multiple 2026 modifications, lifting total contract value to approximately $350M and extending performance through June 2027, with mine-countermeasure packages currently operating in the Strait of Hormuz. AEVEX is also advancing next-generation unmanned surface vessels Chaser and Comet while noting the Navy continues to fund GARC enhancements. Investors should note the release was issued in response to negative media coverage the company says contains factual inaccuracies — a signal of reputational risk around a key Navy program, even as management says financial performance is unaffected.

•18d ago