Space and defence technology company Firefly Aerospace has acquired SciTec for around US$855 million.
Firefly acquired the advanced national security technologies leader with a combination of US$300 million in cash and US$555 million in Firefly shares at US$50 per share.
The acquisition is set to improve Firefly’s comprehensive space services by adding mission-proven defence software analytics, remote sensing and multi-phenomenology data expertise.
SciTec will also further the company's ground and data onboard processing as well as AI-enabled systems designed for low-latency operations to support advanced threat tracking and response across multiple domains.
“SciTec’s mission-proven software and big data processing capabilities provide warfighters with rapid, accurate information to enable informed decisions that protect our homeland from emerging threats,” FireFly CEO Jason Kim said.
“These capabilities significantly enhance our ability to deliver integrated, software-defined solutions for critical national security imperatives, particularly Golden Dome.”
This comes after SciTech generated revenues of near US$164 million for the 12 months ending 30 June 2025.
SciTec was also awarded a US$259 million contract earlier this year by the U.S. Space Force to further enhance the Future Operational Resilient Ground Evolution (FORGE) framework.
SciTec CEO Jim Lisowsky said the company believes Firefly is the best home for its business and people.
“Both teams are empowered, rapid innovators who are passionate about our critical missions and willing to take on near impossible tasks to ensure we protect our country from future threats,” he said.
This also comes after Firefly’s tumultuous past, including a bankruptcy in 2017 and the ousting of its CEO last year. The Texas-based firm also secured a US$9.84 billion valuation last year in its NASDAQ debut, marking the largest U.S. listing this year by a space tech firm.
The acquisition is expected to close by the end of 2025 and. once finalised, SciTec will be operated as a Firegly subsidiary under its current business model.
At the time of writing, Firefly (NASDAQ: FLY) shares had risen 2.13% to US$27.37.
