Welcome to our dedicated page for FIREFLY AEROSPACE news (Ticker: FLY), a resource for investors and traders seeking the latest updates and insights on FIREFLY AEROSPACE stock.
Firefly Aerospace Inc. (Nasdaq: FLY) is a space and defense technology company that regularly issues news about its launch vehicles, lunar landers, orbital vehicles, and national security programs. This news page aggregates Firefly’s press releases and market updates so readers can follow how the company executes on its mission to enable government and commercial customers to launch, land, and operate in space.
Firefly’s announcements often cover developments in its Alpha small launch vehicle and plans for the Eclipse launch system, including configuration upgrades such as the Alpha Block II update aimed at enhancing reliability, producibility, and launch operations. News items also describe the company’s work on responsive launch missions, hypersonic testing, and contracts that support national security customers.
Another major theme in Firefly’s news flow is its Blue Ghost lunar lander and Elytra orbital vehicles. Releases highlight NASA Commercial Lunar Payload Services awards, international payload agreements, and technology demonstrations on the lunar surface and in cislunar space. Examples include Blue Ghost missions carrying payloads from NASA, the European Space Agency, the United Arab Emirates’ Mohammed Bin Rashid Space Centre, Fleet Space Technologies, and commercial partners such as Volta Space Technologies.
Investors and analysts will also find updates on corporate milestones, including Firefly’s initial public offering, index inclusion in the Russell 2000® and Russell 3000® Indexes, financial results, credit facility amendments, and acquisitions such as the purchase of SciTec, Inc. These items provide context on Firefly’s growth strategy, capital structure, and expansion into AI-enabled defense software and big data processing.
By reviewing this news feed, readers can monitor Firefly’s launch schedule, lunar and cislunar missions, national security contracts, and financial disclosures in one place, using the company’s own public statements and regulatory communications as primary sources.
Firefly Aerospace has announced the launch of its Initial Public Offering (IPO) with plans to offer 16.2 million shares of common stock. The company expects the IPO price to range between $35.00 and $39.00 per share, with an additional 30-day option for underwriters to purchase up to 2.43 million shares.
The space and defense technology company plans to list on the Nasdaq Global Market under the symbol "FLY". The IPO proceeds will be used to repay outstanding borrowings, pay preferred stock dividends, and for general corporate purposes. Goldman Sachs, J.P. Morgan, Jefferies, and Wells Fargo Securities are serving as lead bookrunning managers for the offering.
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Dublin and New York, Aug. 2, 2021 /PRNewswire/ -- Carlyle (NASDAQ: CG) has completed its acquisition of Fly Leasing Limited (NYSE: FLY) through Carlyle Aviation Partners, utilizing funds from its $61 billion Global Credit platform. The transaction followed all necessary regulatory approvals and shareholder consent. As part of the merger, FLY shareholders will receive $17.05 per share. Additionally, FLY has requested the suspension of trading of its ADSs on NYSE, with plans for delisting and deregistration. The Exchange Offer for FLY's senior notes, which expired on July 30, saw approximately 97% participation.
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Fly Leasing Limited (NYSE: FLY) reported its Q1 2021 results, highlighting total revenues of $80.9 million and a net loss of $3.4 million ($0.11 per share). The company signed a merger agreement to be acquired by Carlyle Aviation for $17.05 per share, a nearly 30% premium to its closing price prior to the announcement. As of March 31, 2021, FLY held $117.2 million in unrestricted cash and a net book value of $157 million in unencumbered assets. The merger is expected to close in Q3 2021.
Fly Leasing Limited (NYSE: FLY) announced it will release its first quarter 2021 earnings on May 13, 2021, before the market opens. FLY will forgo hosting an earnings call due to a pending transaction disclosed on March 29, 2021. FLY is recognized for leasing modern, fuel-efficient aircraft globally under multi-year contracts, targeting various airlines. Managed by BBAM LP, FLY continues to play a pivotal role in the aircraft leasing sector.
Fly Leasing Limited (NYSE: FLY) announced a definitive agreement to be acquired by Carlyle Aviation Partners for $17.05 per share, totaling about $520 million in equity valuation and $2.36 billion enterprise value. This offer represents a 29% premium over FLY's closing stock price on March 26, 2021, and a 43% premium over the average price during the last 30 days. The deal, aimed to benefit shareholders amid challenging market conditions, is expected to close in Q3 2021, pending regulatory and shareholder approvals.
FLY Leasing Limited (NYSE: FLY), a leader in aircraft leasing, has filed its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2020. The report includes audited financial statements and can be accessed on FLY's website and the SEC's site. Shareholders can request a complimentary paper copy of the report. FLY operates a fleet of modern, fuel-efficient commercial jet aircraft leased to a diverse range of global airlines, managed by BBAM LP.
Fly Leasing Limited (NYSE: FLY) reported a net loss of $107 million or $3.51 per share for Q4 2020, a significant decline from a net income of $75.2 million in Q4 2019. For the full year, the net loss was $67 million, down from $225.9 million in 2019. The company recognized a non-cash impairment charge of $115 million and sold two aircraft at a 17% premium to book value. As of year-end 2020, FLY's book value per share stood at $25.88, with $132 million in unrestricted cash and a net debt to equity ratio of 2.3x.
Fly Leasing Limited (NYSE: FLY) will announce its fourth quarter and full year 2020 earnings after the market closes on February 25, 2021. The company's management will hold a conference call at 4:30 p.m. U.S. Eastern Time on the same day, allowing participants to dial in for insights. The results will be discussed via a live webcast, and a replay will be available on FLY's website for one year. FLY specializes in leasing modern, fuel-efficient aircraft globally under multi-year contracts.