Aerospace, Defense Parts Maker Arxis Raises $1.13 Billion in IPO

Arxis Inc., a maker of electronic and mechanical parts for aerospace and defense firms, raised $1.13 billion in an upsized initial public offering.

Bloomfield, Connecticut-based Arxis sold 40.5 million shares for $28 each, according to a statement Wednesday. The company had marketed 37.7 million shares for $25 to $28.