Defense electronics manufacturer Arxis sets terms for $1 billion IPO
April 15, 2026 News
Defense electronics manufacturer Arxis prices upsized IPO at $28, the high end of the range
Arxis, an aerospace and defense electronics and components manufacturer, raised $1.1 billion by offering 40.5 million shares at $28, the high end of the $25 to $28 range. The company had originally planned to offer 37.7 million shares. Cornerstone investors Capital Group, Janus Henderson Investors, and T. Rowe Price had indicated on $400 million of the IPO （now 35% of the deal）。
IPO Overview
Arxis, an aerospace and defense electronics and components manufacturer, announced terms for its IPO on Wednesday.
The Bloomfield, CT-based company plans to raise $1.0 billion by offering 37.7 million shares at a price range of $25 to $28. Cornerstone investors intend to purchase $400 million worth of shares in the offering （40% of the deal）。
The company designs and manufactures specialized electronic and mechanical components used in high-performance and demanding environments. Its products include connectors, cable assemblies, RF and microwave components, sensors, and precision mechanical parts such as bearings and seals, which are integrated into aerospace, defense, and space systems, as well as applications in medical technology, semiconductor testing, and industrial automation. Since being formed in 2019 from a number of processor companies, Arxis has completed 32 acquisitions. Recent acquisitions include Kaman Corporation, Spira Manufacturing, and Oldham Seals Group.
Arxis was founded in 2019 and booked $1.6 billion in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol ARXS. Goldman Sachs, Morgan Stanley, Jefferies, Citi, RBC Capital Markets, Baird, Guggenheim Securities, Wells Fargo Securities, William Blair, Rothschild, Nomura Securities, and WR Securities are the joint bookrunners on the deal. It is expected to price the week of April 13, 2026.
About the Company
We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property （“IP”） and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Our heritage lies in the aerospace and defense markets, where we have spent decades establishing embedded positions across hundreds of national security, space and commercial aerospace platforms. We also serve customers across similarly demanding and attractive end markets, including medical technology, high-end semiconductor testing, analytical devices, industrial automation and other specialized industrial sectors, which have unique performance requirements and resilient, long-term growth tailwinds. Our core products include electronic components such as connectors, cable assemblies, microelectronic packaging, radio frequency （“RF”） and microwave products, power products and sensors and mechanical components such as precision and self-lubricating bearings, seals, springs, gaskets and radar absorbing materials. We go to market through 47 customer-facing brands that we believe are synonymous with engineering excellence, quality execution and trusted partnership.