Applied Aerospace & Defence Targets $3.59 Billion Valuation in US IPO
Applied Aerospace & Defense is targeting a valuation of up to $3.59 billion in its upcoming US IPO as investor demand for aerospace and defense companies continues rising. The Alabama-based contractor plans to raise as much as $682.5 million by selling shares priced between $18 and $21 each. The company manufactures key aerospace and military components including fuselages, engine shafts and rocket motor cases. Analysts say defense stocks are attracting strong investor interest amid ongoing geopolitical tensions and rising military spending globally.