We advised the underwriters on the IPO

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 32,500,000 shares of common stock of Applied Aerospace & Defense, Inc. The common stock is listed on the New York Stock Exchange under the ticker symbol “AADX.”

Applied Aerospace & Defense is a premier provider of advanced design, engineering and vertically integrated manufacturing solutions for leading and next-generation space and defense technology companies. The company builds complex hardware for extreme operating environments and is focused on three core markets: space and launch systems, defense aviation and airborne systems, and C5ISR and precision strike systems. With decades of space and defense manufacturing heritage, Applied Aerospace & Defense combines deep material science and IP-enabled process expertise with the ability to enable rapid prototyping, enhance new product development and responsively scale production. Across its nationwide infrastructure of advanced manufacturing facilities, Applied Aerospace & Defense continuously supports a balanced mix of next-generation technology and platform development, large scale production programs and aftermarket sustainment for enduring platforms.

The Davis Polk capital markets team included partners Michael Kaplan and Roshni Banker Cariello and associate Kerim K. Aksoy. Partner Matthew J. Bacal, counsel Brette L. Trost and associate Anna Childress provided intellectual property advice. Counsel Ziyuan (Constance) Zhang and associate Nancy B. Regan provided tax advice. Counsel Michael Comstock provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.