Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities
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.
Firefly Aerospace (Nasdaq: FLY) ha annunciato un accordo definitivo per acquisire SciTec per una controparte di circa 855 milioni di dollari, costituita da 300 milioni di dollari in contanti e 555 milioni di azioni Firefly emesse a 50 dollari per azione, secondo il comunicato stampa.
Il comunicato stampa riferisce che SciTec ha registrato 164 milioni di dollari di entrate per i 12 mesi terminati il 30 giugno 2025, e all'inizio del 2025 ha ottenuto un contratto della U.S. Space Force per 259 milioni di dollari. Firefly dice che l'operazione aggiungerà software, big data, telerilevamento, elaborazione a bassa latenza abilitata da IA e capacità di sicurezza nazionale. L'acquisizione dovrebbe chiudersi entro la fine del 2025, soggetta all'approvazione normativa e alle condizioni consuete.
Firefly Aerospace (Nasdaq: FLY) anunció un acuerdo definitivo para adquirir SciTec por una contraprestación de aproximadamente $855 millones, compuesta por $300 millones en efectivo y $555 millones en acciones de Firefly emitidas a $50 por acción, según el comunicado.
El comunicado indica que SciTec reportó $164 millones de ingresos para los 12 meses terminados el 30 de junio de 2025, y a principios de 2025 obtuvo un contrato de la U.S. Space Force por $259 millones. Firefly dice que el acuerdo añade software, big data, teledetección, procesamiento de baja latencia habilitado por IA y capacidades de seguridad nacional. Se espera que la adquisición se cierre para finales de 2025, sujeto a aprobaciones regulatorias y condiciones habituales.
Firefly Aerospace (나스닥: FLY)가 SciTec를 약 8억 5500만 달러의 대가로 인수하기로 하는 확정 계약을 발표했으며, 이는 3억 달러 현금과 5억 5500만 달러의 Firefly 주식으로 구성되며 주당 50달러에 발행되었다고 보도자료에 명시되어 있다.
보도자료에 따르면 SciTec는 2025년 6월 30일로 종료된 12개월 동안 매출 1억 6400만 달러를 보고했으며, 2025년 초에는 미 우주군으로부터 2억 5900만 달러의 계약을 수주했다. Firefly는 이 거래가 소프트웨어, 빅데이터, 원격탐지, 인공지능 기반 저지연 처리 및 국가 안보 역량을 추가한다고 말한다. 인수는 2025년 말까지 종료될 것으로 예상되며, 규제 승인 및 일반적인 조건에 따라 다르다.
Firefly Aerospace (Nasdaq : FLY) a annoncé un accord définitif pour acquérir SciTec pour une contrepartie d'environ 855 millions de dollars, composée de 300 millions de dollars en espèces et de 555 millions de dollars en actions Firefly émises à 50 dollars par action, selon le communiqué.
Le communiqué indique que SciTec a enregistré 164 millions de dollars de revenus pour les 12 mois se terminant le 30 juin 2025, et au début de 2025 a remporté un contrat avec l’US Space Force d’un montant de 259 millions de dollars. Firefly affirme que la transaction ajoutera des capacités de logiciel, big data, télédétection, traitement à faible latence activé par l’IA et des capacités de sécurité nationale. L’acquisition devrait être finalisée d’ici la fin de 2025, sous réserve des approbations réglementaires et des conditions habituelles.
Firefly Aerospace (Nasdaq: FLY) gab eine endgültige Vereinbarung bekannt, SciTec für ungefähr 855 Millionen US-Dollar zu erwerben, bestehend aus 300 Millionen US-Dollar in bar und 555 Millionen US-Dollar in Firefly-Aktien, ausgegeben zu 50 US-Dollar pro Aktie, heißt es in der Pressemitteilung.
In der Pressemitteilung heißt es, dass SciTec für die zum 30. Juni 2025 endenden 12 Monate 164 Millionen US-Dollar Umsatz gemeldet habe und Anfang 2025 einen Vertrag der U.S. Space Force in Höhe von 259 Millionen US-Dollar erhalten habe. Firefly sagt, dass die Übernahme Software, Big Data, Fernüberwachung, KI-gestützte geringe Latenzverarbeitung und Fähigkeiten im Bereich nationale Sicherheit hinzufügen werde. Der Abschluss der Übernahme wird bis Ende 2025 erwartet, vorbehaltlich behördlicher Genehmigungen und üblicher Bedingungen.
Firefly Aerospace (ناسداك: FLY) أعلنت عن اتفاق نهائي لشراء SciTec مقابل تعويض يقارب 855 مليون دولار، يتكون من 300 مليون دولار نقداً و 555 مليون دولار من أسهم Firefly الصادرة بسعر 50 دولاراً للسهم، وفقاً للبيان الصحفي.
ذكر البيان أن SciTec سجلت عائداً قدره 164 مليون دولار للـ 12 شهراً المنتهية في 30 يونيو 2025، وفي وقت سابق من عام 2025 فازت بعقد من القوات الفضائية الأمريكية بقيمة 259 مليون دولار. تقول Firefly إن الصفقة ستضيف برمجيات وبيانات كبيرة ورصد عن بعد ومعالجة منخفضة التأخير مدعومة بالذكاء الاصطناعي وقدرات للأمن القومي. من المتوقع أن يتم إغلاق الصفقة بحلول نهاية عام 2025، رهناً بالموافقات التنظيمية والظروف المعتادة.
Firefly Aerospace (纳斯达克：FLY) 宣布了一项收购SciTech的最终协议，对价约为8.55亿美元，由3亿美元现金和5.55亿美元的Firefly股票组成，按每股50美元发行，新闻稿如此表示。
新闻稿称，SciTec在截至2025年6月30日的12个月内实现了1.64亿美元的收入，并在2025年初获得了美国太空部队价值2.59亿美元的合同。Firefly表示，该交易将增加软件、大数据、遥感、由AI驱动的低延迟处理以及国家安全能力。收购预计将在2025年底前完成，需经监管批准并遵守惯常条件。
- $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
- 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
Insights
Firefly's $855M acquisition of SciTec materially expands defense software and data capabilities, accelerating integrated mission offerings.
The article states Firefly Aerospace will acquire SciTec for
What it means: the deal shifts Firefly from primarily launch and in-space services toward integrated software-defined national security offerings by adding SciTec’s proven analytics, remote sensing, and low-latency processing. Why it matters: the combination creates a fuller product stack for defense customers, potentially enabling bundled contracts that pair launch with mission software and data services, which can deepen customer relationships and expand addressable revenue.
Monitorable item: the transaction is expected to close by year end 2025, subject to regulatory approvals and customary conditions.
SciTec brings mission-proven analytics, missile warning and low-latency processing that directly complement Firefly’s space and defense offerings.
The article discloses SciTec capabilities include missile warning, tracking and defense, intelligence, surveillance and reconnaissance, space domain awareness, and autonomous command and control, plus a $259 million Space Force contract for the FORGE framework.
What it means: Firefly gains operational software, ground and onboard processing, and AI-enabled low-latency systems that are directly usable in defense missions. Why it matters: those capabilities reduce integration risk when offering end-to-end mission solutions and may improve Firefly’s relevance for national-security procurements that require both hardware and secure, scalable data processing.
Monitorable item: integration will proceed with SciTec operating as a Firefly subsidiary under CEO Jim Lisowski, reporting to Firefly CEO Jason Kim, and the close is expected by year end 2025.
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)?
