AEVEX Corp. Jefferies Global Industrials Conference 2026

Yeah, no. Excited to jump in and tell the AEVEX story. I would just refer everybody to the forward-looking disclosure statements we have posted on our website, as we will be talking about forward-looking statements as part of this presentation. But excited to be here.

Yeah, absolutely. So, from a historical perspective, AEVEX has been in business for almost two decades. We've been deeply embedded with our customers. When we started, our business model was very simple. We wanted to support our customers, and we wanted to support their mission. We were embedded, we were deployed, and we were working with them hand-in-hand to deploy and operate unmanned systems, do intelligence surveillance, reconnaissance analysis, mission support, and flight operations. But we knew we could do more. So we started investing in building capacity and developing a portfolio of unmanned systems, specifically unmanned airborne systems, that were informed by the operations that we were working with our customers. We built that into a broad and diverse portfolio of unmanned aircraft.

Everything from small Group 1 quadcopters that were designed for special missions, all the way up to larger Group 4 or 5 long-endurance ISR aircraft. But where we have the specific strength of portfolio is in the Group 2 and Group 3 kinetic strike capabilities. Unmanned aircraft that are designed for long-range precision strike, one-way attack, launched effects, and loitering munitions. And we've been delivering these for several years across multiple different mission areas. Not least of which is the operational support that we've been providing to Ukraine since 2022. A great portfolio. But we continue to grow. We continue to expand the portfolio and very excited to say yesterday we closed the acquisition of BlackSea Technologies, which is really allowing us to create one of the largest pure-play, multi-domain autonomous unmanned systems companies in the country.

With a robust, deployed, and battle-proven set of capabilities across air, maritime surface, and maritime undersea platforms and technologies, including a developing set of capabilities for contested logistics support vessels, which we believe is a significant growth vector for the future. All of these systems are backed by a deep and differentiated technology stack that we call CompassX, that gives our systems the opportunity and the capabilities to operate successfully in a contested environment where GPS is denied or spoofed, communications are jammed, electronic warfare is being deployed by technically sophisticated adversaries. To sum up where we sit in the market, we are a multi-domain autonomous unmanned systems company with battle-proven systems deployed.

We have the scale in place today to deliver on timelines that are operationally relevant, and we've got a differentiated technology stack that allows our systems to not only operate in that contested environment, but to do so in a multi-domain, multi-system, collaborative environment, leveraging autonomy to a large extent. Feel like we're well positioned in one of the fastest-growing segments of the defense tech market.

The activities and operations we've seen in Ukraine and more recently, in the Middle East, validate the fact that unmanned systems, especially those that are autonomous multi-domain, are going to be a part of every major military operation in the future. They are going to be embedded in the force structures and the technology that the U.S. military, as well as our global allies and partners deploy. We're seeing this structural transition happen very quickly. Our customers are rushing to get unmanned systems into the fleet, learn how to use them, and learn how to incorporate them into the system, the tactics, training, and activities that they have. While the current operations have certainly created a tailwind, that's just a piece of the growth vector, right?

We see significant procurement as, again, they work to get these into the system quickly to build depth of magazine and stocks, to put into place operational evaluation and technology evaluation, and to get training done. They've got to get the reps and sets in. We see multiple different growth vectors for autonomous and unmanned systems supporting readiness as well as deterrence. We're seeing this certainly in the U.S., but we're seeing this across the globe in allies. We really do believe that demand continues to grow and accelerate. Budgetary priorities continue to be aligned with this particular market segment, and this will be a major part of how wars are fought in the future.

Yeah. As I said, we are continuing to see strong demand and an acceleration of production orders coming through the system. I think where we are seeing is a structural transition from the traditional programs of record, right? Those long-term programs where they go through the defense acquisition cycle, and they EMD to LRIP to full rate production. The pace of technology and the dynamic nature of the battlefield is causing that structure to be obsolete. So we are seeing a transition to shorter cycle production type contracts as they work to get unmanned and autonomous systems into inventory quickly and deployed effectively. As it relates to specific book-to-bill and our growth prospects, we have obviously been instrumentally involved in Ukraine for quite some time.