US EditionFirefly Aerospace Strengthens Portfolio with $855 Million Deal for National Security Tech Firm SciTec
Firefly Aerospace will integrate SciTec’s missile warning and defense software to boost national security missions, with SciTec generating $164 million in revenue last year.
- On October 5, Firefly Aerospace announced it will acquire SciTec, Inc. for about $855 million and held a conference call to discuss the deal, expecting closure by year end 2025.
- Firefly aims to expand its defense footprint by integrating SciTec's missile warning, tracking, and intelligence analytics, leveraging SciTec's $259 million FORGE contract and targeting Golden Dome opportunities.
- The deal will be funded with $300 million in cash and $555 million in Firefly shares, as SciTec generated $164 million revenue and employs about 475 employees.
- Firefly cautioned that the press release contains forward-looking statements about the acquisition and warned investors of uncertainties including timing, approvals, and potential deal risks.
- Despite a tumultuous past including a 2017 bankruptcy, Firefly achieved a strong market debut, but the Alpha rocket remains grounded after a booster explosion during testing at Briggs, Texas.
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This $855 million acquisition could be a boon for Trump's lofty Golden Dome project
Rocket company Firefly hopes its acquisition of SciTec will give it an advantage in defense tech projects like Trump's Golden Dome.Aaron E. Martinez/Austin American-Statesman via Getty ImagesFirefly Aerospace plans to purchase defense analytics company SciTec for $855 million in cash and equity.The company anticipates that the deal will close by the end of 2025.Firefly hopes the acquisition will give it an edge in Trump's Golden Dome plans.Firef…
Why Firefly Aerospace Stock Popped Today @themotleyfool #stocks $FLY
Key PointsFirefly Aerospace will buy defense contractor SciTec for $855 million in cash and stock.SciTec's $164 million in annual revenue makes it bigger than Firefly.But Firefly stock is worth more than $4 billion!10 stocks we like better than Firefly Aerospace › Firefly Aerospace (NASDAQ: FLY) stock soared a lucky 7.7% through 11:20 a.m. ET Monday after the space stock announced, over the weekend, that it will purchase defense contractor SciTe…
Firefly Aerospace to acquire SciTec for $855 million to expand into space defense - Tech Startups
Firefly Aerospace is making a bold push into space defense. Just months after its Nasdaq debut, the Texas-based space tech company announced on Sunday that it will acquire national security technology firm SciTec in a deal valued at $855 million. The […] The post Firefly Aerospace to acquire SciTec for $855 million to expand into space defense first appeared on Tech Startups.
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