Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities

Core Viewpoint - Firefly Aerospace has announced a definitive agreement to acquire SciTec, Inc. for approximately $855 million, which includes $300 million in cash and $555 million in Firefly shares at $50 per share, enhancing its capabilities in national security technologies [2][3][4]. Company Overview - Firefly Aerospace is a leading space and defense technology company that provides launch, land, and operational services in space, known for its rapid innovation and successful missions [9]. - SciTec, Inc. specializes in advanced national security technologies, generating approximately $164 million in revenue for the twelve-month period ending June 30, 2025, and has a strong contract base with defense and national security agencies [4][5]. Strategic Benefits of Acquisition - The acquisition will enhance Firefly's defense mission support and operational advantages by integrating SciTec's software analytics, remote sensing, and data processing capabilities [3][4]. - SciTec's core competencies in missile warning, tracking, intelligence, surveillance, reconnaissance, and autonomous command will complement Firefly's existing services, particularly in critical national security imperatives [3][4]. Financial Aspects - The acquisition is valued at approximately $855 million, with a significant portion being paid in Firefly shares, indicating confidence in the company's future growth and strategic direction [2][4]. - SciTec was awarded a $259 million contract by the U.S. Space Force earlier this year, showcasing its strong position in the defense sector [4]. Operational Integration - Post-acquisition, SciTec will operate as a subsidiary of Firefly, maintaining its current business model under the leadership of its CEO, Jim Lisowski, who will report to Firefly's CEO, Jason Kim [6][7].