AEVEX selected for up to $92.2 million SkyRange contract; shares rise
AVEX•Contract scope and term
** Co to provide airborne range integration and engineering services, flight operations support across Western U.S. and Pacific test corridors, airborne telemetry relay and mission data support
** The contract is set for a three-year period
Broker views and stock performance
** Eight of nine brokerages rate the stock "buy" or above, 1 "hold", median PT at $34 — data compiled by LSEG
** Since its IPO in April, the stock has fallen 67%
Shares rise after SkyRange contract award
** Shares of defense firm AEVEX AVEX.N rise more than 3% to $16.68 premarket
** Co selected for a contract valued at up to $92.2 million to support the Department of War's (DoW) Test Resource Management Center as part of its SkyRange program
** SkyRange is DoW's flagship initiative to modernize hypersonic flight test infrastructure
