Greenbriar-backed Applied Aerospace & Defense raises $650m in US IPO debut

Applied Aerospace & Defense, backed by private equity firm Greenbriar Equity Group, has successfully raised $650 million in its US IPO, pricing shares at $20 each. This substantial debut highlights the growing trend of defense contractors seeking public funding to expand operations and capabilities. The move is significant as it underscores the increasing financial interest in the defense sector, reflecting both strategic ambitions and the potential for lucrative growth in government and defense contracts.