Firefly Aerospace buys defense tech firm for $855 million

Firefly Aviation Space Company said that he had purchased defense technology contractor and climbed to 8% on Monday Scitec 855 million dollars because it tries to strengthen the national security offer.

The agreement announced on Sunday is planned to be closed at the end of the year and includes $ 300 million cash and $ 555 million fireflies shares.

“These skills, critical national security requirements, especially for the golden dome, significantly increase our ability to offer software -defined solutions.” He said.

The company plans to integrate Scitec’s software into its vehicles. The company said skills such as missile warning, monitoring and defense and autonomous command control will support Firefly’s launch and space services.

Last week, Firefly shares sank over 20% in a trade session after saying that a rocket exploded during a place test at the Texas facility of the company. It arrived shortly after the Federal Aviation Administration cleaned Firefly is an investigation on another rocket failure.

Firefly shares demanded a strong investor in Nasdaq this summer. The public list pointed out the third important space technology output of 2025 and increased more than 30% on the first day of the process. The stock has been withdrawn since then.

Firefly carries a list of growing key government and defense partners while creating its position in the field of national security. This is a last time 177 million dollar contract NASA and A 50 million dollars Investing from Northrop Grumman.

After the purchase is closed, the New Jersey -based Scitec, Princeton, CEO Jim Lisowski will work as a subsidiary.

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