Applied Aerospace & Defense, a government contractor based in Huntsville, Alabama, revealed a 24.8% increase in revenue for the fiscal year ending December 31, 2025, as it prepares for its initial public offering (IPO) in the U.S. The company reported revenues of $498.8 million and a net loss of $17 million, a significant improvement from the previous year's net loss of $34.8 million on revenues of $399.8 million. The surge in revenue is attributed to the increasing demand for defense technology, particularly in light of recent geopolitical tensions, including the U.S.-Israeli conflict with Iran. Applied Aerospace & Defense's offerings include various aerospace and defense products, with 83% of its revenue generated from U.S. government contracts. The company plans to issue new shares in its IPO, with Morgan Stanley and Jefferies serving as underwriters. The stock will be listed on the New York Stock Exchange under the ticker symbol AADX.