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Firefly Aerospace jumps 10% after buying defense tech firm for $855 million
CNBC· 2025-10-06 13:06
Core Viewpoint - Firefly Aerospace is acquiring defense technology contractor SciTec for $855 million to enhance its national security offerings, leading to a 14% increase in its stock price premarket [1][2]. Group 1: Acquisition Details - The acquisition deal includes $300 million in cash and $555 million in Firefly shares, expected to close by the end of the year [2]. - The integration of SciTec's software will enhance Firefly's capabilities in delivering software-defined solutions for national security [2][3]. Group 2: Strategic Implications - The acquisition will bolster Firefly's capabilities in missile warning, tracking, defense, and autonomous command control, which are critical for its launch and space services [3]. - CEO Jason Kim emphasized that these enhancements are particularly relevant for addressing critical national security imperatives, notably the Golden Dome initiative [2].