Aevex to buy BlackSea for $650 million; shares fall

Aevex

12/08/2026 21:56

** Shares of defense firm Aevex AVEX.N fall 2.3% to about $22 in aftermarket trading
** Co says it would buy naval defense company BlackSea Technologies for up to $650 million on debt‑free basis 
** The deal includes $250 million in cash and $350 million in stock, with each AEVEX share priced at $27.50
** It also includes $50 million in performance‑based earnout consideration
** BlackSea makes unmanned surface and subsea vessels and will expand Aevex's maritime autonomy portfolio and diversify its revenue streams
** Separately, Aevex posts second-quarter revenue of $201.8 million, above Wall Street estimates of $159.7 million, according to data compiled by LSEG
** It forecasts full-year revenue of $700 to $720 million, above analysts' estimates of $605.7 million

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))