Aevex Corp.'s stock surged 9.16% in pre-market trading on Tuesday, extending its remarkable rally following its recent public debut. The military drone manufacturer's shares have been on a tear since listing, buoyed by strong investor interest in the defense technology sector.

The pre-market gain follows reports of significant insider purchases, with the company's CEO, a director, and two senior vice presidents all acquiring shares at the IPO price of $20 per share. These transactions signal strong confidence from company leadership in Aevex's future prospects.

Investor appetite for defense-linked businesses has intensified amid rising global military expenditure and persistent geopolitical tensions. Aevex's successful market debut, where shares jumped 35% on their first trading day and surged another 49% in the following session, reflects this broader trend toward companies offering next-generation military technologies like drones and autonomous systems.