E-Tools

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

1. Firefly Aerospace has agreed to acquire defense analytics firm SciTec for approximately $855 million.
- The deal includes $300 million in cash and $555 million in new shares.
- The acquisition is expected to close by the end of 2025.

2. SciTec specializes in missile-warning systems, space domain awareness tools, and analytics, serving defense and intelligence clients.
- They recently received a $259 million contract from Space Force for developing a ground system for missile-detection satellites.
- Their annual revenue as of June 2025 was reported at $164 million.

3. The acquisition is part of Firefly's strategy to transition from being a launch-and-spacecraft manufacturer into a vertically integrated defense contractor.
- Post-acquisition, SciTec will operate as a subsidiary of Firefly and be led by its current CEO, Jim Lisowski.
- The move aims to cater to the growing demand for commercial partners in missile tracking and early-warning systems, particularly for the Pentagon's "Golden Dome" missile-defense program.
Summary
Firefly Aerospace to acquire SciTec, a defense analytics firm specializing in missile-warning systems and space domain awareness tools, for $855 million. The deal involves $300 million cash and $555 million in new shares. SciTec reported an annual revenue of $164 million as of June 2025. The
Statistics

157

Words

1

Read Count
Details

ID: 5a6e9ea0-eae3-4c0e-a448-c25c6316a81c

Category ID: listed_summary

URL: https://techcrunch.com/2025/10/06/firefly-leans-into-its-defense-ambitions-with-855m-scitec-acquisition/#summary

Date: Oct. 6, 2025

Notes: 2025-10-06

Created: 2025/10/06 20:20

Updated: 2025/12/08 01:06

Last Read: 2025/10/07 08:02