Firefly Aerospace to Acquire SciTec for $855M, Bolstering Defense and Space Services

Firefly Aerospace Inc. has acquired SciTec Inc. for $855 million, strengthening its portfolio and enhancing its space services through the integration of defense software analytics. The acquisition is expected to close at the end of 2025 and will be funded through a combination of $555 million in Firefly shares and $300 million in cash. This move comes after Firefly's Nasdaq debut in August, where its shares surged 55.6% to achieve a valuation of $9.84 billion.

Firefly Aerospace Inc. has announced the acquisition of SciTec Inc. for $855 million, aiming to strengthen its portfolio and enhance its space services. The deal, which will be funded through a combination of $555 million in Firefly shares and $300 million in cash, is expected to close by the end of 2025 Firefly Aerospace Shares Takes Off on $855 Million Acquisition of SciTec^[1].

The acquisition of SciTec, a defense software analytics company based in Princeton, New Jersey, will significantly bolster Firefly's capabilities in missile warning, tracking, and defense, as well as intelligence, surveillance, and reconnaissance. SciTec's expertise in artificial intelligence (AI)-enabled systems and ground and onboard data processing will complement Firefly's existing launch, lunar, and in-space services Firefly Aerospace to acquire SciTech, Inc.^[2].

SciTec's CEO, Jim Lisowski, will lead the company as a Firefly subsidiary under its current business model, reporting to Firefly's CEO, Jason Kim. This strategic move comes after Firefly's successful Nasdaq debut in August, where its shares surged 55.6%, valuing the company at $9.84 billion Firefly Aerospace strengthens portfolio with $855 million deal for national security tech firm SciTec^[3].

The acquisition is part of Firefly's broader strategy to expand its presence in the space and defense sector, driven by increasing geopolitical tensions and the growing demand for advanced space technologies. This deal positions Firefly to strengthen its military-space prospects and solidify its position as a key player in the industry.