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3d ago

Firefly Aerospace to Acquire SciTec for $855 Million to Expand National-Security Software

The purchase shifts Firefly beyond launch into a vertically integrated defense role built on AI-enabled sensing and ground systems for programs such as Golden Dome.

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Overview

  • Firefly will pay $300 million in cash and $555 million in shares priced at $50 each, with closing targeted by year-end 2025 pending regulatory approvals and customary conditions.
  • SciTec adds mission software, low-latency AI processing, missile warning and tracking, and space-domain awareness, backed by a $259 million U.S. Space Force FORGE award and roughly $164 million in trailing 12-month revenue.
  • After completion, SciTec will operate as a Firefly subsidiary led by CEO Jim Lisowski, who will report to Firefly CEO Jason Kim.
  • Investors welcomed the deal, with Firefly shares rising about 11%–12% in Monday trading following the announcement.
  • The agreement comes as Firefly works to return its Alpha rocket to flight after a Sept. 29 booster explosion during ground testing, adding operational and regulatory risk to integration plans.