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AEVEX Corp.
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AEVEX Corp.

US defence drone maker that bought drone-boat builder BlackSea Technologies in September 2026.

Last refreshed: 8 November 2026 · Appears in 1 active topic

Timeline for AEVEX Corp.

#14 20 Oct
#12 12 Aug

Entered the acquisition agreement

Autonomous Systems: Land & Sea: AEVEX bids up to $650m for BlackSea
View full timeline →

Background

AEVEX completed its purchase of BlackSea Technologies, a Baltimore builder of uncrewed surface vessels, on 8 September 2026. It had agreed the deal in August for up to $650m: $250m cash, about $350m in AEVEX stock and up to $50m of earnout.

BlackSea now runs as AEVEX's Maritime Systems division under its former chief executive Bob Pudney. AEVEX makes airborne drones and related systems for the US military. Its 2026 revenue guidance of $700m to $720m excluded BlackSea.

The purchase is part of a wave of drone-maker consolidation. In October Elbit Systems bought Canada's International Submarine Engineering to add underwater vehicles.

Common Questions
Did AEVEX complete the BlackSea Technologies acquisition?
Yes. AEVEX said it completed the purchase on 8 September 2026, about a month after agreeing it for up to $650m.Source: AEVEX
How much did AEVEX pay for BlackSea Technologies?
Up to $650m: $250m in cash, about $350m in AEVEX Class A stock and up to $50m in performance-based earnout.Source: AEVEX 8-K / PrivSource
Who leads AEVEX's maritime drone business?
Bob Pudney, BlackSea's former chief executive, leads the Maritime Systems division formed from BlackSea.Source: Unmanned Systems Technology
Source Material

Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 8 November 2026. Editorial standards.