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Firefly Completes $855 Million Acquisition Of SciTec

Cal Biesecker By
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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…

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