News Summary

Firefly Aerospace has announced its acquisition of defense analytics firm SciTec for approximately $855 million in cash and stock. This strategic move is part of Firefly’s plan to establish itself as a major player in the national security sector. The deal, expected to close by the end of 2025, involves $300 million in cash and $555 million in new shares. SciTec, known for its missile-warning and tracking systems along with space domain awareness tools, has been a significant contractor for the Space Force, receiving a $259 million contract earlier this year. Post-acquisition, SciTec will operate as a subsidiary led by its current CEO, Jim Lisowski. This acquisition aligns with Firefly’s transition from a launch-and-spacecraft manufacturer to a vertically integrated defense contractor.