Firefly Aerospace to Acquire SciTec for $855M, Expanding Defense Portfolio
Photo by Winston Chen on Unsplash
Firefly Aerospace will purchase SciTec for $855 million, comprising $300 million in cash and $555 million in stock, to integrate SciTec's defense software analytics. Following Firefly's $9.84 billion Nasdaq listing in August, the acquisition, expected to close by year-end, aims to enhance Firefly's position in the military-space sector.
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Key takeaways
- Firefly Aerospace is set to acquire SciTec in a deal valued at approximately $855 million, consisting of $300 million in cash and $555 million in Firefly stock
- The acquisition, anticipated to close by year-end, will integrate SciTec's defense software analytics, including advanced missile warning and surveillance technologies, into Firefly’s suite of space services
- This strategic move follows Firefly's Nasdaq listing in August, which assigned the company a valuation of $9
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