Firefly Aerospace to Acquire SciTec in $855 Million Deal, Shares Rise

Firefly Aerospace has agreed to acquire SciTec in an $855 million deal. The acquisition will strengthen Firefly Aerospace's position in the space and defense technology industry. Firefly Aerospace's shares rose early Monday following the announcement. The deal is expected to expand Firefly Aerospace's capabilities in space exploration and defense technology.

Firefly Aerospace (NASDAQ: FLY) has agreed to acquire SciTec, Inc., a leader in advanced national security technologies, in a deal valued at approximately $855 million. The acquisition will strengthen Firefly's position in the space and defense technology industry. Firefly Aerospace's shares rose early Monday following the announcement. The deal is expected to expand Firefly's capabilities in space exploration and defense technology.

Under the terms of the agreement, Firefly will pay $300 million in cash and issue $555 million in shares at $50 each to acquire SciTec, which focuses on missile warning, tracking, and defense systems. The transaction is expected to close by the end of 2025, pending regulatory approvals Firefly Aerospace Shares Jump on $855 Million SciTec Acquisition^[1].

SciTec reported revenue of roughly $164 million for the twelve months ending June 30, 2025. Earlier in the year, the company secured a $259 million contract from the U.S. Space Force to advance the Future Operational Resilient Ground Evolution framework Firefly Aerospace announces acquisition of SciTec^[2].

The acquisition will strengthen Firefly’s portfolio by incorporating SciTec’s expertise in software analytics, remote sensing, and data processing, complementing the company’s current capabilities in launch services, lunar operations, and in-space missions. Post-acquisition, SciTec will operate as a Firefly subsidiary, maintaining its existing business model, with CEO Jim Lisowski reporting directly to Firefly CEO Jason Kim.

SciTec, headquartered in Princeton, N.J., operates five additional facilities strategically located near key space and defense clients. Firefly is being advised by Goldman Sachs on the transaction, while Baird serves as financial advisor to SciTec Firefly Aerospace Shares Jump on $855 Million SciTec Acquisition^[1].