financetom
Business
financetom
/
Business
/
Firefly strengthens portfolio with $855 million deal for national security tech firm SciTec
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Firefly strengthens portfolio with $855 million deal for national security tech firm SciTec
Oct 6, 2025 3:21 AM

(Reuters) -Space tech firm Firefly Aerospace will acquire national security technology company SciTec for about $855 million, the company said on Sunday, just months after its Nasdaq listing, honing its portfolio at a time when U.S. military and civil programs are receiving increased investor interest.

The deal, which will be funded through a combination of $300 million in cash and $555 million in Firefly shares, is set to close by the end of the year, Firefly said.

In August, Texas-based firm Firefly secured a valuation of $9.84 billion after its shares surged 55.6% in their Nasdaq debut, marking the largest U.S. listing this year by a space tech firm.

Firefly's acquisition of Princeton, New Jersey-headquartered SciTec will enhance its space services by integrating SciTec's defense software analytics into its systems, the company said.

SciTec's core capabilities, which encompass missile warning, tracking and defense, intelligence, surveillance, among other elements, will bolster Firefly's existing launch, lunar, and in-space services.

Once the deal closes, SciTec will be operated as a Firefly unit under Jim Lisowski, its current CEO, Firefly said.

Rising geopolitical tensions and deteriorating international relations have put a spotlight on space and defense contractors. The deal would help Firefly strengthen its position as a space tech firm boosting its lucrative military-space prospects.

Firefly has come a long way from a tumultuous past, including a bankruptcy in 2017 and the ouster of its CEO last year.

In September, Firefly said its Alpha rocket booster was destroyed in a testing mishap. The incident was another interruption to Firefly's business just weeks after it closed an investigation into the failure of its Alpha rocket, which put a satellite owned by Lockheed Martin in a shallow orbit in late April, implying a mission failure.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vietnam braces for flight cuts from April after China, Thailand ban jet fuel exports
Vietnam braces for flight cuts from April after China, Thailand ban jet fuel exports
Mar 15, 2026
* Vietnam relies on imports for over two-thirds of its jet fuel * Regulator says Vietnam's refineries cannot significantly boost jet fuel output * Vietnam has reached out to China and Thailand, seeking help By Phuong Nguyen and Francesco Guarascio HANOI, March 16 (Reuters) - Vietnamese authorities have warned the country's aviation industry to prepare for potential flight reductions from...
Warner Bros' Oscar triumph a bittersweet moment as Paramount deal looms
Warner Bros' Oscar triumph a bittersweet moment as Paramount deal looms
Mar 15, 2026
LOS ANGELES, March 15 (Reuters) - Warner Bros emerged as the biggest winner at the Academy Awards on Sunday, though the mood was clouded by its pending $110 billion sale to Paramount Skydance ( PSKY ), a deal reshaping Hollywood's studio landscape. The studio received 11 Oscars, led by One Battle After Another, a tale of violent resistance in a...
Ride-hailing app inDrive says revenue up 31% in 2025, eyes delivery expansion
Ride-hailing app inDrive says revenue up 31% in 2025, eyes delivery expansion
Mar 15, 2026
ALMATY, March 16 (Reuters) - Ride-hailing application inDrive saw net revenue grow by nearly a third last year, founder and CEO Arsen Tomsky said, as profitability per ride improved following several years of rapid expansion. The privately held, U.S.-headquartered company is now looking to expand its delivery offerings in developing countries with fresh acquisitions, after buying online grocery delivery services...
Warner Bros' Oscar triumph a bittersweet moment as Paramount deal looms
Warner Bros' Oscar triumph a bittersweet moment as Paramount deal looms
Mar 15, 2026
LOS ANGELES, March 15 (Reuters) - Warner Bros emerged as the biggest winner at the Academy Awards on Sunday, though the mood was clouded by its pending $110 billion sale to Paramount Skydance ( PSKY ), a deal reshaping Hollywood's studio landscape. The studio received 11 Oscars, led by One Battle After Another, a tale of violent resistance in a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved