Applied Aerospace & Defense, Inc., an advanced manufacturer of mission-critical systems for the space and defense sectors, announced the pricing of its initial public offering (IPO) at $20.00 per share for 32,500,000 shares. Additionally, the company has granted underwriters a 30-day option to purchase up to 4,875,000 additional shares at the same price. The shares are anticipated to begin trading on the New York Stock Exchange (NYSE) on June 3, 2026, under the ticker symbol 'AADX.' The offering is expected to close on June 4, 2026, subject to standard closing conditions. Morgan Stanley and Jefferies are serving as the lead book-running managers, with BofA Securities, RBC Capital Markets, and Guggenheim Securities also involved in the offering. Applied Aerospace & Defense specializes in advanced design, engineering, and manufacturing solutions for the aerospace and defense industries, focusing on areas such as space systems, defense aviation, and precision strike systems. The company aims to leverage its extensive experience and capabilities in the sector to support next-generation technology development.