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.
Key figures
- Guidance
- GARC contract value increased to approximately $350M via 2026 modifications; period of performance extended through June 2027
- Garc operating hours
- more than 25,000
- Garc units delivered 2025
- 325
- Prior unmanned systems delivered
- more than 9,000
AI analysis
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