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Firefly To Acquire Data Analytics Provider SciTec In Expansion Of National Security Focus

Cal Biesecker By
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Firefly To Acquire Data Analytics Provider SciTec In Expansion Of National Security Focus
Firefly Aerospace CEO Jason Kim. Photo: Firefly

Firefly Aerospace [FLY] on Sunday afternoon said it has agreed to acquire SciTec, Inc., a small company with expertise in data processing and data analytics that support the intelligence community and U.S. Space Force in a deal to diversify the company. The acquisition is subject to regulatory approvals and expected to close this year. Deal terms consist of $300 million in cash and $555 million in Firefly stock. The pending deal would provide Texas-based Firefly with a new suite of…

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