Corporate$AVEX6:06 PM ET

AEVEX: U.S. Navy Did Not Halt GARC Orders, Contradicting Earlier Report

By BORSA NewsroomPublished Oct 21, 2026, 6:06 PM EDTUpdated Oct 21, 2026, 6:07 PM EDT

Dow Jones Newswires reports AEVEX Corp. (AVEX) stated the U.S. Navy has not halted orders for the Global Autonomous Reconnaissance Craft program, contrary to an earlier Bloomberg report that sent shares down 31%. The company previously issued a press release denying the report.

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WHAT WE KNOW

AEVEX stated the U.S. Navy has not halted GARC orders