Firefly leans into its defense ambitions with $855M SciTec acquisition

Firefly Aerospace, a private space company, has announced its plans to acquire SciTec, a defense analytics firm, for approximately $855 million in cash and stock. This acquisition is part of Firefly's strategy to expand its presence in the national security market. SciTec is a well-established company that provides data analytics and software solutions to the defense and intelligence sectors. By integrating SciTec's capabilities, Firefly aims to enhance its offerings in areas such as satellite imagery analysis, geospatial intelligence, and decision support tools for government and military clients. The deal is expected to strengthen Firefly's position in the growing defense and national security space, which has become an increasingly important focus for the company. The acquisition will allow Firefly to leverage SciTec's expertise and technology to provide more comprehensive solutions to its customers, further diversifying its revenue streams and positioning it for future growth. The transaction is subject to regulatory approvals and is expected to close in the coming months.