Firefly Aerospace's SciTec Acquisition Boosts Stock Price

Firefly Aerospace's stock surged 6.3% to $29 on Monday after the company announced the acquisition of SciTec, a military technology provider. This move marks Firefly's expansion beyond its hardware-focused business, as it seeks to diversify its offerings and tap into the growing market for military technology. The deal is expected to bolster Firefly's capabilities in the aerospace and defense sectors.

Firefly Aerospace's stock surged 6.3% to $29 on Monday after the company announced the acquisition of SciTec, a military technology provider. This move marks Firefly's expansion beyond its hardware-focused business, as it seeks to diversify its offerings and tap into the growing market for military technology. The deal is expected to bolster Firefly's capabilities in the aerospace and defense sectors.

The acquisition, valued at approximately $855 million, includes $300 million in cash and $555 million in Firefly stock, with shares valued at $50 each Firefly Aerospace Expands Defense Portfolio With $855M SciTec Acquisition^[1]. SciTec brings advanced AI and data processing tools that accelerate threat detection, supporting Firefly’s launch, lunar, and in-space service operations for defense, commercial, and government clients. The company reported $164 million in revenue for the year ending June 30, 2025, and recently secured a $259-million US Space Force contract to enhance missile warning and risk response frameworks Firefly Aerospace Expands Defense Portfolio With $855M SciTec Acquisition^[1].

SciTec's expertise in missile tracking, intelligence gathering, surveillance, space monitoring, and automated command systems will complement Firefly's existing portfolio. The deal is expected to close later this year, pending regulatory approval. Once finalized, SciTec will operate as a Firefly subsidiary, with Jim Lisowski, SciTec's CEO, reporting to Firefly's CEO, Jason Kim Firefly Aerospace Expands Defense Portfolio With $855M SciTec Acquisition^[1].

Goldman Sachs and Kirkland & Ellis are acting as Firefly’s financial and legal advisors, while Baird and Cooley serve as advisors to SciTec Firefly Aerospace Expands Defense Portfolio With $855M SciTec Acquisition^[1]. This acquisition is a strategic move for Firefly, aiming to strengthen its position in the competitive aerospace and defense sectors.