• Blog
  • California Consumer Privacy Act (CCPA)
  • Cart
  • Checkout
  • Contact
  • DMCA
  • Home
  • My account
  • Privacy Policy
  • Shop
Tuesday, October 7, 2025
  • Login
Buyer's Insight
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact
No Result
View All Result
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact
No Result
View All Result
Buyer's Insight
No Result
View All Result

Firefly Aerospace buys a defense technology company for $ 855 million

Daniel White by Daniel White
October 6, 2025
in Local News, Top Stories
Reading Time: 2 mins read
0
0
SHARES
0
VIEWS

Jason Kim, CEO of Firefly Aerospace, center, during the company’s initial public offer at the Nasda Marketsite in New York, the United States, Thursday, August 7, 2025.

Michael Nagle | Bloomberg | Getty images

Firefly Aerospace The shares climbed 8% on Monday, after the space company said that it bought the SCITEC defense technology entrepreneur for $ 855 million while seeking to strengthen its national security offer.

The agreement, announced on Sunday, is expected to conclude at the end of the year and includes 300 million dollars in cash and $ 555 million in Firefly shares.

“These capacities considerably improve our ability to provide integrated and software -defined solutions for critical national security imperatives, in particular Dome Golden,” CEO Jason Kim said in a press release.

The company plans to integrate Scitec software into its tools. Capacities such as missile warning, monitoring and defense and autonomous command control will also support the launch and space services of Firefly, said the company.

Last week, Firefly’s shares fell by more than 20% in a single negotiation session after the company said that a rocket exploded during a ground test in its Texas establishment. This came shortly after the Federal Aviation Administration erased Firefly in an investigation into another failure of the rocket.

Firefly’s actions made their debut on the Nasdaq this summer at high demand from investors. Public registration marked the third major beginnings of space technology in 2025 and the shares increased by more than 30% on its first day of negotiation. The stock has since fallen.

Firefly has a growing list of main government and defense partners while it strengthens its position in the national security space. This includes a recent contract of $ 177 million with NASA and an investment of $ 50 million from Northrop Grumman.

Once the acquisition is completed, Scitec, based in Princeton, in New Jersey, will work as a subsidiary managed by the current CEO Jim Lisowski.

WATCH: Jason Kim, CEO of Firefly Aerospace, when starting in IPO, pathway to ritability

Source link

Post Views: 0
Tags: aerospacebuyscompanydefenseFireflymilliontechnology
Previous Post

Birdus du Bihar: CE to publish the final electoral role today; Probable election schedule next week

Next Post

Minnesota United adjusts programming due to injuries, transfers

Related Posts

Local News

The display panel supporting the injured Deshler student has set up anonymously

October 7, 2025
Local News

Trump raises the possibility of a closing agreement, then brings it back

October 7, 2025
Local News

How Yi Peng 3 and Newnew Polar Bear wreaks havoc in the Baltic Sea

October 7, 2025
Local News

Live updates: Trump threatens to use emergency powers to bypass courts and deploy troops

October 7, 2025
Local News

Steve Westly, member of the ex-TESLA board of directors, reveals how he plays the boom ev

October 7, 2025
Local News

The Deputy Director of the CIA replaced the highest legal official of the agency with himself

October 7, 2025
Next Post

Minnesota United adjusts programming due to injuries, transfers

Zoma News Pulse

  • Home
  • California Consumer Privacy Act (CCPA)
  • Contact
  • DMCA
  • Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact