FIREFLY AEROSPACE FINALIZES PURCHASE OF SCITEC, STRENGTHENING SPACE AND DEFENSE PORTFOLIO
CEDAR PARK, Texas -- Firefly Aerospace has completed its acquisition of SciTec, Inc., a U.S. firm specializing in software and data systems for national security applications. The deal, first announced in October, is valued at approximately $855 million, comprising $300 million in cash and$555 million in Firefly shares issued at $50 per share.
The acquisition strengthens Firefly’s position in defense and space technology by pairing its launch, lunar, and in-space vehicle hardware with SciTec’s expertise in artificial intelligence-enabled defense software, data analytics, and mission operations. SciTec’s capabilities include operational support for missile warning and defense, intelligence and surveillance, space domain awareness, and autonomous command and control.
With the addition of more than 475 employees and multiple classified facilities across six sites, Firefly gains expanded capacity for software development, modeling and simulation, and mission operations. The transaction also broadens Firefly’s contracts base within the U.S. intelligence, defense, and national security sectors.
SciTec will continue operating as a wholly owned subsidiary under its existing business model, led by CEO Jim Lisowski, who will report to Firefly Aerospace CEO Jason Kim.
The acquisition marks an important step in Firefly’s shift toward integrated space and defense solutions, positioning the company to compete more directly in national security missions and next-generation space operations.