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Firefly Aerospace, a Texas-based company specializing in launch vehicles, spacecraft, and lunar landers, has announced its acquisition of SciTec, Inc., a data analytics provider. This strategic move aims to diversify Firefly's capabilities and enhance its national security focus. The acquisition, subject to regulatory approvals, is expected to close this year. The deal involves a $300 million cash payment and $555 million in Firefly stock.
SciTec, Inc., a company with expertise in data processing and analytics, supports the intelligence community and the U.S. Space Force. With about $164 million in sales over the past 12 months, SciTec has achieved positive operating income and cash flow. The company's clients include the National Reconnaissance Office, the National Geospatial-Intelligence Agency, and the Missile Defense Agency, among others. SciTec has approximately 475 employees, 90 percent of whom hold security clearances.
The pending acquisition will provide Firefly with new software-based solutions for target detection and characterization, missile warning and tracking, remote sensing simulation and analysis, automated data fusion, autonomous mission management, and countermeasure test equipment and testing. This will significantly enhance Firefly's ability to deliver integrated, software-defined solutions for critical national security imperatives, particularly the Trump administration's Golden Dome homeland missile defense vision.
Jason Kim, Firefly's CEO, stated, "The acquisition of SciTec enhances our ability to support a growing number of defense missions and provides us with a significant operational advantage. SciTec’s mission-proven software and big data processing capabilities provide warfighters with rapid, accurate information to enable informed decisions that protect our homeland from emerging threats."
Once the acquisition closes, SciTec will operate as a subsidiary of Firefly and continue to be led by Jim Lisowski, who will report to Kim. Firefly recently went public and currently expects sales in 2025 between $133 million and $145 million
Firefly to Acquire Data Analytics Provider SciTec in Expansion of National Security Focus[1].
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