Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities
Rhea-AI Summary
Firefly Aerospace (Nasdaq: FLY) announced a definitive agreement to acquire SciTec for approximately $855 million consideration, composed of $300 million cash and $555 million in Firefly shares issued at $50 per share, the PR states.
The PR states SciTec reported $164 million of revenue for the 12 months ended June 30, 2025, and earlier in 2025 won a $259 million U.S. Space Force contract. Firefly says the deal adds software, big data, remote sensing, AI-enabled low-latency processing, and national security capabilities. The acquisition is expected to close by year-end 2025, subject to regulatory approvals and customary conditions.
Positive
- $855M total transaction value
- SciTec LTM revenue $164M (to June 30, 2025)
- SciTec awarded a $259M Space Force contract in 2025
- Adds AI-enabled, low-latency data processing and defense software
Negative
- Share issuance of $555M in FLY stock may dilute holders
- Cash consideration of $300M reduces Firefly liquidity
- Deal closing subject to regulatory approvals; year-end 2025 timing risk
News Market Reaction
On the day this news was published, FLY gained 6.28%, reflecting a notable positive market reaction. Argus tracked a peak move of +11.7% during that session. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $232M to the company's valuation, bringing the market cap to $3.93B at that time.
Data tracked by StockTitan Argus on the day of publication.
Addition of SciTec’s full-stack software and big data processing capabilities expands Firefly’s responsive launch, land, and orbit mission services for space and defense customers
CEDAR PARK, Texas, Oct. 05, 2025 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, has entered into a definitive agreement to acquire SciTec, Inc., a leader in advanced national security technologies, for approximately
“The acquisition of SciTec enhances our ability to support a growing number of defense missions and provides us with a significant operational advantage,” said Jason Kim, CEO of Firefly Aerospace. “SciTec’s mission-proven software and big data processing capabilities provide warfighters with rapid, accurate information to enable informed decisions that protect our homeland from emerging threats. These capabilities significantly enhance our ability to deliver integrated, software-defined solutions for critical national security imperatives, particularly Golden Dome. We are excited to welcome the SciTec team to the Firefly family and look forward to working together to continue to deliver leading edge solutions to advance our country’s strategic advantage in space.”
The acquisition will advance Firefly’s comprehensive space services by adding mission-proven defense software analytics, remote sensing, and multi-phenomenology data expertise. SciTec’s core capabilities – which include missile warning, tracking and defense, intelligence, surveillance and reconnaissance, space domain awareness, and autonomous command and control – will supplement Firefly’s launch, lunar, and in-space services. SciTec further adds ground and onboard data processing as well as AI-enabled systems designed for low latency operations to support advanced threat tracking and response across multiple domains.
SciTec generated revenues of approximately
“We believe Firefly is the best home for our business and people,” said Jim Lisowski, CEO SciTec. “In addition to the strong strategic fit, our cultures are similar. Both teams are empowered, rapid innovators who are passionate about our critical missions and willing to take on near impossible tasks to ensure we protect our country from future threats. We share a unique focus on providing differentiated, leading-edge solutions to our customers.”
SciTec is headquartered in Princeton, N.J., and maintains five additional facilities strategically positioned near key space and defense customers.
The acquisition is expected to close by year end 2025, subject to regulatory approvals and customary conditions. Once finalized, SciTec will be operated as a Firefly subsidiary under its current business model led by Jim Lisowski, current CEO of SciTec, who will report to Firefly’s CEO Jason Kim.
Goldman Sachs & Co. LLC is serving as exclusive financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Firefly. Baird is serving as exclusive financial advisor and Cooley LLP is serving as legal advisor to SciTec.
Conference Call
Firefly will hold a conference call on October 5 at 4:00 p.m. CT / 5:00 p.m. ET to discuss the transaction. A live webcast of the call and a replay will be available in the Investors section of the Firefly’s website at https://investors.fireflyspace.com.
About Firefly Aerospace
Firefly Aerospace is a space and defense technology company that enables government and commercial customers to launch, land, and operate in space – anywhere, anytime. As the partner of choice for responsive space missions, Firefly is the only commercial company to launch a satellite to orbit with approximately 24-hour notice. Firefly is also the only company to achieve a fully successful landing on the Moon. Established in 2017, Firefly’s engineering, manufacturing, and test facilities are co-located in central Texas to enable rapid innovation. The company’s small- to medium-lift launch vehicles, lunar landers, and orbital vehicles are built with common flight-proven technologies to enable speed, reliability, and cost efficiencies for each mission from low Earth orbit to the Moon and beyond. For more information, visit www.fireflyspace.com.
Forward-Looking Statements
This press release contains “forward-looking statements” including, but not limited to, statements regarding the proposed acquisition of SciTec, the expected timetable for and benefits of completing the proposed acquisition and other statements regarding Firefly’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “expects,” “plans,” “anticipates,” “could,” “would,” “intends,” “believes,” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. These statements are based on management’s current expectations, assumptions, and beliefs concerning future developments, which are inherently subject to uncertainties, risks, and changes in circumstances that are difficult to predict. These uncertainties and risks include, but are not limited to: the timing to consummate the acquisition of SciTec and the risk that the acquisition may not be completed at all or the occurrence of any event, change, or other circumstances that could give rise to the termination of the definitive agreement governing the proposed transaction; the risk that the conditions to closing of the acquisition may not be satisfied or waived; the risk that an approval or clearance by a government authority that may be required for the acquisition is not obtained or is obtained subject to conditions that are not anticipated; potential litigation relating to, or other unexpected costs resulting from, the acquisition; the diversion of management’s time on transaction-related issues; failure to manage our growth effectively and our ability to achieve and maintain profitability; the market for commercial launch services for small- and medium-sized payloads not achieving the growth potential we expect; the failure of our information technology systems, physical or electronic security protections; and the other risks and uncertainties set forth in our filings with the Securities and Exchange Commission. We cannot assure you that the events reflected in the forward-looking statements will occur, and actual events could differ materially from those described in the forward-looking statements. Any forward-looking statement speaks only as of the date as of which such statement is made, and except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.
Media Contact
press@fireflyspace.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d69ef238-6933-4c32-904d-677b31fd2936
FAQ
What are the financial terms of Firefly's acquisition of SciTec (FLY) announced October 5, 2025?
How large was SciTec's revenue before the acquisition announced by Firefly (FLY)?
Does SciTec have existing defense contracts relevant to Firefly's acquisition (FLY)?
When is the Firefly (FLY)–SciTec acquisition expected to close?
Will SciTec operate independently after the acquisition by Firefly (FLY)?
