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Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities
Globenewswire·2025-10-05 20:00

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 855millionthroughacombinationof855 million through a combination of 300 million in cash and 555millioninFireflysharesissuedtoSciTecownersatapriceof555 million in Firefly shares issued to SciTec owners at a price of 50 per share. “The acquisition of SciTec enhances our ability to support a growing number of defense ...