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Akanksha Bakshi

SHOCKING: Firefly expands into ai powered defense systems with scitec purchase | Mind Blowing Facts

Firefly Fly Firefly Aerospace Jason Kim

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Firefly Aerospace (NASDAQ:FLY) announced Sunday that it will acquire SciTec, Inc. in a deal valued at about $855 million, combining $300 million in cash and $555 million in newly issued Firefly shares priced at $50 each. The news sent Firefly shares sharply higher in premarket trading on Monday as investors welcomed the company's expansion into advanced defense technologies.

The transaction aims to fuse Firefly's launch, lunar, and on-orbit services with SciTec's mission software, rapid data processing, and low-latency AI systems that support missile warning, tracking, and multi-domain operations.

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