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1h ago

Firefly Aerospace to Acquire SciTec in $855 Million Push Into Defense Software

The deal deepens Firefly’s focus on missile‑warning software and data processing to position the company for major U.S. defense programs.

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Firefly Aerospace CEO Jason Kim. Photo: Firefly

Overview

  • Firefly will pay $855 million for SciTec, comprising $300 million in cash and $555 million in shares issued at $50 each.
  • SciTec will operate as a Firefly subsidiary led by CEO Jim Lisowski, who will report to Firefly CEO Jason Kim, pending closing by year end 2025.
  • SciTec reported about $164 million in revenue for the twelve months ending June 30, 2025 and holds a $259 million U.S. Space Force FORGE contract.
  • Firefly says SciTec’s software, sensing and rapid data processing will support missions in missile warning, tracking, ISR, space domain awareness and autonomous C2, including work tied to Golden Dome.
  • Firefly’s Alpha rocket is grounded after a Sept. 29 test explosion in Texas, with the company planning a separate update on its return‑to‑flight plan; Goldman Sachs and Kirkland & Ellis advise Firefly, with Baird and Cooley advising SciTec.