Search

Firefly Completes $855 Million Acquisition Of SciTec

Firefly Completes $855 Million Acquisition Of SciTec
Image: Firefly Aerospace

Firefly Aerospace [FLY] on Wednesday said it has closed its acquisition of SciTec, Inc., in an $855 million deal that adds data processing, analytics, and classified facilities. Deal terms included $300 million in cash and $555 million in Firefly’s stock (Defense Daily, Oct. 5). SciTec’s customers include the intelligence community and U.S. Space Force. Firefly said that SciTec brings artificial intelligence-enabled software used for missile warning and defense, space domain awareness, remote sensing, command and control, and intelligence, surveillance and…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Congress Updates

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]


Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]


Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]


CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]