Firefly Aerospace buys a defense technology company for $ 855 million

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.

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