Space and Defense Technology Company Expands Capabilities with Strategic Acquisition

Firefly Aerospace has entered into a definitive agreement to acquire SciTec, Inc., a leader in advanced national security technologies, for approximately $855 million. The acquisition expands Firefly’s capabilities in responsive launch, land, and orbit mission services, and enhances its ability to support defense missions. SciTec’s software and big data processing capabilities will supplement Firefly’s existing offerings. The deal is expected to close by year end 2025, subject to regulatory approvals and customary conditions.