Firefly Aerospace shares soar on SciTec Deal

Firefly Aerospace

06/10/2025 11:32

** Shares of Firefly Aerospace FLY.O surge nearly 17% to $31.88 premarket

** Co to buy national security technology company SciTec for about $855 million

** Funded through a combination of $300 million in cash and $555 million in Firefly shares; set to close by end of the year

** SciTec will then operate as Firefly unit under Jim Lisowski, its current CEO

** Jefferies calls deal "immediately accretive" to EBITDA and FCF, adding 41% to 2026 revenue

   ** "The addition of proven software and data processing capabilities is expected to enhance Firefly's capability around delivering integrated, software-defined solutions for critical national security missions" - Jefferies

** FLY down 60.9% since listing on August 7

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))