Firefly Aerospace Closes Acquisition of SciTec National Security Technology Company

Core Insights - Firefly Aerospace has successfully completed the acquisition of SciTec, Inc., enhancing its capabilities in defense software and big data processing [3][4] - The acquisition is expected to accelerate Firefly's strategic growth plan and strengthen its position in the national security sector [4][5] Strategic Benefits - Critical Defense Software: The acquisition bolsters Firefly's hardware with AI-enabled defense software for missile warning, intelligence, surveillance, reconnaissance, and autonomous command and control [5] - Big Data Processing: SciTec adds capabilities for cloud-based, on-premise, and edge processing of high-volume data, facilitating rapid decision-making for national security applications [5] - National Security Programs: Enhances Firefly's defense capabilities for critical programs, including space-based interceptor missions and hypersonic test missions [5] - Data and Software Experts: The acquisition brings over 475 employees with expertise in multi-phenomenology systems and software development [5] - State-of-the-Art Facilities: Adds multiple strategic locations with data centers and mission operations centers to support classified operations [5] - Robust Contracts: SciTec's existing contracts with defense and national security agencies will contribute to growing revenue streams [5] Company Overview - Firefly Aerospace is a leading space and defense technology company, known for its rapid response capabilities in launching satellites and successful lunar landings [7] - Established in 2017, the company focuses on small- to medium-lift launch vehicles and has co-located engineering and manufacturing facilities in Texas [7]