{"url":"https://newsforagent.com/news/2026-10-30/aevex-navy-mine-countermeasures-contracts","markdown_url":"https://newsforagent.com/news/2026-10-30/aevex-navy-mine-countermeasures-contracts.md","title":"AEVEX Wins $41.6 Million Navy Mine-Countermeasures Contracts","headline":"AEVEX Awarded $41.6 Million for SightGlass and Fisher Mine-Countermeasures Systems","description":"AEVEX won $41.6 million in Navy contracts for its SightGlass and Fisher mine-countermeasures systems.","section":"Contracts & Customers","published_at":"2026-10-30T10:59:18+00:00","modified_at":"2026-10-30T10:59:18+00:00","author":"News Desk","key_takeaways":["AEVEX Corp. received two contracts totaling $41.6 million from the Navy's PAE RAS for its SightGlass and Fisher mine-countermeasures systems.","The SightGlass contract is valued at $15.6 million and the Fisher contract at $26 million.","AEVEX has delivered 325 GARC vessels to the U.S. Navy and logged more than 25,000 hours of on-water operations."],"companies":[{"name":"AEVEX Aerospace","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00049kt/aevex-aerospace","website":"https://www.aevex.com"}],"source":{"publisher":"Business Wire","title":"AEVEX wins $41.6M mine-countermeasures contracts","url":"https://www.businesswire.com/news/home/20261030522172/en/"},"other_sources":[],"tags":["Contracts & Customers","AEVEX Aerospace"],"body_markdown":"AEVEX Corp. has been awarded two contracts totaling $41.6 million by the Navy's Portfolio Acquisition Executive for Robotic and Autonomous Systems for production, fielding and operation of its SightGlass and Fisher mine-countermeasures systems, [Business Wire](https://www.businesswire.com/news/home/20261030522172/en/) reported on October 30, 2026. The Solana Beach, California-based [AEVEX Aerospace](https://akta.pro/company-profiles/00049kt/aevex-aerospace) builds autonomous unmanned aerial and surface systems, AI-driven navigation and targeting software and additive-manufactured platforms for the U.S. Department of Defense and allied governments.\n\n## How the SightGlass and Fisher Awards Break Down\n\nThe first contract, valued at $15.6 million, covers production and operation of SightGlass, a modular mine-hunting and identification payload designed for AEVEX's GARC, Lynx and next-generation Chaser small unmanned surface vessels. The second, valued at $26 million, covers production and operation of Fisher, a modular payload designed to reacquire and neutralize mines on Lynx and Chaser sUSVs. Fisher is the product of a partnership with VideoRay and draws on the fleet of sUSVs AEVEX has already delivered to the Navy.\n\nAEVEX said the awards follow its performance in the Defense Innovation Unit Mine Countermeasures Prize Challenge and earlier rapid integration of mine-hunting capabilities with GARC at the start of Operation Epic Fury. Lynx sUSVs carrying SightGlass and Fisher are designed to work in tandem to locate, identify and neutralize multiple classes of maritime mines.\n\n\"Mines are cheap to deploy but expensive to clear, and the threat is growing,\" said Bob Pudney, Senior Vice President of AEVEX Maritime Systems. \"DIU asked industry to prove it could change that equation, and our team did it on the water, not just on paper. These awards let us put SightGlass and Fisher to work at scale for the warfighter.\"\n\n## AEVEX's Revenue Base Behind the Contracts\n\nAEVEX completed a New York Stock Exchange initial public offering in April 2026, pricing 16 million shares at $20.00 and raising $320 million, according to akta.pro [company records](https://akta.pro/company-data). The same records show full-year 2025 revenue of $432.9 million, 10.4% growth over the prior year, and a net loss of $16.8 million, with the U.S. government accounting for 78% of 2025 revenue. First-quarter 2026 revenue reached $216.7 million, up from $53.3 million a year earlier, and the company's full-year 2026 guidance is $600 million to $620 million.\n\n## Earlier AEVEX Deals and Navy Work\n\nAEVEX was selected in September 2026 for a contract worth up to $92.2 million over three years to support the Department of War's SkyRange hypersonic testing program, covering airborne range integration, flight operations and telemetry relay services, Stock Titan reported. In the same month, AEVEX Aerospace and Divergent Technologies announced a strategic collaboration combining AEVEX's unmanned systems fielding experience with Divergent's DAPS digital manufacturing platform, 3D Printing Industry reported. In October 2026, Coretronic Intelligent Robotics Corp., a Coretronic Group subsidiary, partnered with Aevex Aerospace to pursue Taiwan government tenders and overseas opportunities, DIGITIMES Asia reported.\n\n## AEVEX's Next Scheduled Update\n\nAEVEX Corp. will release its third-quarter 2026 financial results after U.S. markets close on November 11, 2026, and host a conference call at 5:00 p.m. Eastern Time, Stock Titan reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}