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BofA Securities Starts Applied Aerospace & Defense (AADX) at Buy

Mon, 29 Jun 2026 06:12:53 -0400

(Updated - June 29, 2026 6:12 AM EDT)

BofA Securities analyst Ron Epstein initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Buy rating and a price target of $24.00.

The analyst comments "We initiate coverage of Applied Aerospace & Defense (AADX) with a Buy rating and a PO of $24, reflecting 23x 2027E EV/EBITDA. AADX is a provider of critical subsystems supporting platforms including rotary and fixed wing tactical aircraft, missiles, munitions, radars, and space systems and launch vehicles, aligning AADX to US and allied national security priorities. We forecast 14% revenue growth CAGR (2025A-2030E) and ~350bps of margin

BofA Securities Starts Applied Aerospace & Defense (AADX) at Buy

Mon, 29 Jun 2026 06:12:53 -0400

(Updated - June 29, 2026 6:12 AM EDT)

BofA Securities analyst Ron Epstein initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Buy rating and a price target of $24.00.

Wolfe Research Starts Applied Aerospace & Defense (AADX) at Outperform

Mon, 29 Jun 2026 05:33:33 -0400

Wolfe Research analyst Myles Walton initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Outperform rating and a price target of $23.00.

The analyst comments "AADX has heritage tracing back 100+ yrs, but is a new public company following sponsor Greenbriar's combination of Applied Aerospace Structures and PCX Aerosystems. Today, the company fills the niche of a mid-tier 100% defense-focused supplier with deep material science expertise and broad customer exposure. In a period where the defense industry wants to scale production as quickly as possible, Applied has established themselves as a trusted provider with the capacity and manufacturing expertise

Wolfe Research Starts Applied Aerospace & Defense (AADX) at Outperform

Mon, 29 Jun 2026 05:33:33 -0400

Wolfe Research analyst Myles Walton initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Outperform rating and a price target of $23.00.

Morgan Stanley Starts Applied Aerospace & Defense (AADX) at Equalweight

Mon, 29 Jun 2026 03:54:23 -0400

Morgan Stanley analyst Kristine Liwag initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Equalweight rating and a price target of $23.00.

The analyst comments: “Applied Aerospace & Defense (NYSE: AADX) is an advanced design, engineering, and manufacturing company that produces a wide range of componentry and subsystems for Defense and Space end-markets. Underlying AADX’s portfolio of >2,250 products – which spans aircraft structures, missile bodies, landing gear, radomes, and more – is deep expertise in material science and IP-enabled, advanced manufacturing processes. These processes and knowhow – when combined with the company’s ~1.5mn sq. ft. of production footprint

Morgan Stanley Starts Applied Aerospace & Defense (AADX) at Equalweight

Mon, 29 Jun 2026 03:54:23 -0400

Morgan Stanley analyst Kristine Liwag initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Equalweight rating and a price target of $23.00.

Jefferies Starts Applied Aerospace & Defense (AADX) at Buy

Mon, 29 Jun 2026 03:50:03 -0400

Jefferies analyst Shelia Kahyaoglu initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Buy rating and a price target of $25.00.

For an analyst ratings summary and ratings history on Applied Aerospace & Defense click here. For more ratings news on Applied Aerospace & Defense click here.

Shares of Applied Aerospace & Defense closed at $20.53 yesterday.

Baird Starts Applied Aerospace & Defense (AADX) at Outperform

Mon, 29 Jun 2026 03:27:32 -0400

Baird analyst Peter Arment initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Outperform rating and a price target of $30.00.

The analyst comments: “We are initiating coverage of AADX with an Outperform rating and $30 price target based on 25x our 2028 EBITDA estimate. We are entering a Cold War 2.0 era, led by ramping Capex, the emergence of neo-Primes, and record DoW budgets. Gone are the days of serial underinvestment across the military industrial complex, reliance on cost-plus contracting, and ~40% of procurement dollars going to five companies. AADX should be a major beneficiary of rebuilding the

Baird Starts Applied Aerospace & Defense (AADX) at Outperform

Mon, 29 Jun 2026 03:27:32 -0400

Baird analyst Peter Arment initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Outperform rating and a price target of $30.00.

Stifel Starts Applied Aerospace & Defense (AADX) at Buy

Mon, 29 Jun 2026 03:22:29 -0400

Stifel analyst Jonathan Siegmann initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Buy rating and a price target of $24.00.

The analyst comments: “We are launching coverage of Applied Aerospace & Defense, Inc. (AADX) with a Buy rating and a $24 price target (25.5x 2027 EBITDA, ~17% upside). AADX is a scarce, IP-rich franchise with a majority of revenue sole-source and anchored by multi-decade relationships with both legacy primes and leading emerging neo-primes. AADX's $1B+ backlog underwrites ~14% organic revenue CAGR through 2028 driven by missile replenishment, air-dominance investment, and commercial-space proliferation. ~200bps of margin expansion is driven

Stifel Starts Applied Aerospace & Defense (AADX) at Buy

Mon, 29 Jun 2026 03:22:29 -0400

Stifel analyst Jonathan Siegmann initiates coverage on Applied Aerospace & Defense (NYSE: AADX) with a Buy rating and a price target of $24.00.

RBC Capital Starts Applied Aerospace & Defense Inc (AADX) at Outperform

Mon, 29 Jun 2026 02:00:55 -0400

RBC Capital analyst Ken Herbert initiates coverage on Applied Aerospace & Defense Inc (NYSE: AADX) with a Outperform rating and a price target of $24.00.

The analyst comments: “We are initiating coverage of Applied Aerospace & Defense (AADX) with an Outperform rating and a $24 price target. AADX is a supplier of complex, mission-critical subsystems within defense and space markets. We view AADX as a higher-quality supplier with a balanced mix of defense aviation and aftermarket, space and launch, missiles/munitions and C5ISR. We believe the focus for investors is the integration of the newly combined businesses and execution on the organic

RBC Capital Starts Applied Aerospace & Defense Inc (AADX) at Outperform

Mon, 29 Jun 2026 02:00:55 -0400

RBC Capital analyst Ken Herbert initiates coverage on Applied Aerospace & Defense Inc (NYSE: AADX) with a Outperform rating and a price target of $24.00.

Radius Aerospace names Tyler Evans as new CEO