Acquisition Overview - Firefly is set to acquire SciTec for $855 million, funded through cash and credit facilities[25] - The purchase consideration includes $300 million in cash and $555 million in Firefly common stock (11.1 million shares at $50 per share)[25] - The acquisition is expected to close by the end of 2025, pending regulatory approvals[25] SciTec Overview - SciTec has approximately 475 employees and generated ~$164 million in LTM revenue as of June 30, 2025[27] - SciTec's team consists of 40% software developers, with the majority (90%) holding security clearances[27] - In May 2025, SciTec was awarded a $259 million contract to enhance the Future Operational Resilient Ground Evolution framework[36] Strategic Benefits - The acquisition enhances Firefly's ability to deliver integrated, software-defined solutions[33] - It expands Firefly's responsive mission services for space and defense customers[39] - The acquisition fast tracks and enhances Firefly's ability to support national security and defense missions[41]