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Redwire Corporation (RDW) Announces Planned Board Refreshment
Yahoo Finance· 2025-10-10 09:57
Redwire Corporation (NYSE:RDW) is among the 9 Defense Stocks That Will Skyrocket. On October 7, the company announced a planned refreshment of its Board of Directors. Redwire Corporation (RDW) Announces Planned Board Refreshment The Board has appointed Dorothy D. Hayes and General (Ret.) James McConville as new independent directors. John S. Bolton and Jonathan Baliff, who joined the Board under Redwire Corporation (NYSE:RDW)’s combination with Genesis Park Acquisition Corp. have stepped down from their ...
Redwire Announces Planned Board Refreshment
Businesswire· 2025-10-07 11:31
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW) ("Redwire†or the "Company†), a global leader in space and defense technology solutions, today announced a planned Board of Directors refreshment. Redwire's Board of Directors has appointed General (RET) James McConville and Dorothy D. Hayes as new independent directors. Jonathan Baliff and John S. Bolton, who joined the Board as part of Redwire's combination with Genesis Park Acquisition Corp. in 2021, have stepped down from. ...
Firefly Expands Into AI-Powered Defense Systems With SciTec Purchase
Yahoo Finance· 2025-10-06 11:03
Firefly Aerospace (NASDAQ:FLY) announced Sunday that it will acquire SciTec, Inc. in a deal valued at about $855 million, combining $300 million in cash and $555 million in newly issued Firefly shares priced at $50 each. The news sent Firefly shares sharply higher in premarket trading on Monday as investors welcomed the company's expansion into advanced defense technologies. The transaction aims to fuse Firefly's launch, lunar, and on-orbit services with SciTec's mission software, rapid data processing, an ...
Wall Street Breakfast Podcast: Tesla Spins Up Speculation
Seeking Alpha· 2025-10-06 10:52
Getty Images Listen below or on the go on Apple Podcasts and Spotify Tesla (TSLA) hints at possible new model ahead of October 7 reveal. (00:25) Firefly Aerospace (FLY) to buy SciTec for $855 million to advance tech capabilities. (01:21) Release party for Taylor Swift's new album tops weekend domestic box office with $33M (AMC). (02:17) This is an abridged transcript. Tesla (NASDAQ:TSLA) is teasing an upcoming event for October 7. A ten-second video posted on the social media platform X on Sunday nigh ...
Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities
Globenewswire· 2025-10-05 20:00
Core Viewpoint - Firefly Aerospace has announced the acquisition of SciTec, Inc. for approximately $855 million, enhancing its capabilities in defense and space technology [3][4]. Company Overview - Firefly Aerospace is a leading space and defense technology company, known for its responsive launch and mission services [3][10]. - SciTec, Inc. specializes in advanced national security technologies and generated revenues of approximately $164 million for the twelve-month period ending June 30, 2025 [5][6]. Acquisition Details - The acquisition will be financed through $300 million in cash and $555 million in Firefly shares priced at $50 per share [3]. - The deal is expected to close by the end of 2025, pending regulatory approvals [7]. Strategic Benefits - The acquisition will enhance Firefly's ability to support defense missions and provide operational advantages through SciTec's software and big data processing capabilities [4]. - SciTec's core capabilities include missile warning, tracking, intelligence, surveillance, reconnaissance, and autonomous command and control, which will complement Firefly's existing services [4][5]. Contractual Highlights - SciTec was awarded a $259 million contract by the U.S. Space Force to enhance the Future Operational Resilient Ground Evolution (FORGE) framework [5]. - The contract aims to strengthen the Space Force's missile warning and tracking mission [5]. Leadership and Integration - SciTec will operate as a subsidiary of Firefly under its current business model, with Jim Lisowski continuing as CEO [7]. - Both companies share a similar culture focused on innovation and mission-critical solutions [6].
Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities
Globenewswire· 2025-10-05 20:00
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].
FIREFLY ALERT: Investigation Launched into Firefly Aerospace, Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm - FLY
Prnewswire· 2025-09-30 22:02
Company Overview - Firefly Aerospace operates as a space and defense technology company providing mission solutions for national security, government, and commercial customers [3]. Financial Results - On September 22, 2025, Firefly Aerospace reported its financial results for the second quarter of fiscal year 2025, marking its initial quarterly results as a public company since its IPO the previous month [4]. - The company reported revenue of $15.5 million, reflecting a year-over-year decline of more than 27% [4]. - Total operating expenses were reported at $58.3 million, indicating a year-over-year increase of more than 12% [4]. - Following the financial results announcement, Firefly Aerospace's share price fell by more than 15% [4]. Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Firefly Aerospace and its top executives for making false and/or misleading statements and/or failing to disclose material information to investors [1].
FIREFLY ALERT: Investigation Launched into Firefly Aerospace Inc., Attorneys Encourage Investors and Potential Witnesses to Contact RGRD Law – FLY
Globenewswire· 2025-09-26 23:17
Core Viewpoint - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Firefly Aerospace Inc., focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1]. Company Overview - Firefly Aerospace operates as a space and defense technology company that provides mission solutions for national security, government, and commercial customers [3]. Financial Results - On September 22, 2025, Firefly Aerospace reported its financial results for the second quarter of fiscal year 2025, marking its initial quarterly results as a public company since its IPO the previous month - The company reported revenue of $15.5 million, representing a year-over-year decline of more than 27% - Total operating expenses were reported at $58.3 million, reflecting a year-over-year increase of more than 12% - Following the financial results announcement, Firefly Aerospace's share price fell by more than 15% [4].
Firefly Aerospace Inc. (NASDAQ:FLY) Faces Financial Challenges but Shows Promising Developments
Financial Modeling Prep· 2025-09-23 08:02
Financial Performance - Firefly Aerospace reported an earnings per share (EPS) of -$5.78, significantly below the estimated EPS of -$0.43 [1][6] - The company's revenue for the second quarter of 2025 was $15.55 million, falling short of the anticipated $29.31 million [1][6] Backlog and Operational Developments - The company has increased its backlog to $1.3 billion by the end of July, indicating strong demand for its services [2][6] - Firefly received Federal Aviation Administration (FAA) clearance for its Alpha rocket's return to flight, enhancing its operational capabilities [2][6] Market Activity and Stock Performance - Firefly Aerospace's stock is currently priced at $49.52, reflecting a 9.56% increase since its recent IPO on August 7, 2025 [3] - Despite positive developments, the company's shares closed at $43.85 on a recent Tuesday, indicating some volatility [3] - The market capitalization of Firefly Aerospace stands at approximately $7.26 billion, with a trading volume of 1,618,873 shares [5] Analyst Ratings - Cantor Fitzgerald analyst Colin Canfield initiated coverage of Firefly Aerospace with an Overweight rating and set a price target of $65, reflecting a positive outlook despite current financial challenges [4][6]
Firefly Aerospace to Announce Second Quarter 2025 Financial Results on September 22, 2025
Globenewswire· 2025-09-15 14:35
CEDAR PARK, Texas, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, today announced that it will release its second quarter 2025 financial results for the period ended June 30, 2025, on Monday, September 22, 2025, after market close. Firefly will hold a conference call the same day at 4:00 p.m. CT / 5:00 p.m. ET. A live webcast of the call and a replay will be available in the Investors section of the Company’s website at https://inve ...