AEVEX rises after announcing strategic collaboration with Divergent
BUZZ-AEVEX rises after announcing strategic collaboration with Divergent ** Shares of defense firm AEVEX AVEX.N rise 1.45% to $17.13 premarket
** Co announces strategic collaboration with multi-industry metal structures manufacturer Divergent to accelerate adaptive unmanned aerial systems (UAS) development and scalable production
** "Together, AEVEX and Divergent will explore adaptive airframe architectures and digitally defined manufacturing processes designed to compress development timelines, reduce part count and support scalable production" - AVEX
** 8 of 9 brokerages rate the stock "buy" or above, 1 "hold"; median PT at $34 - data compiled by LSEG
** Since its IPO in April, stock has fallen nearly 60%
(Reporting by Miraanta Lowrance in Bengaluru)
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