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

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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