"Firefly Aerospace, the Texas-based company that makes rockets and other space tech, agreed on Sunday to buy defense analytics company SciTec for roughly $855 million in cash and equity. The acquisition is expected to close by the end of 2025, according to a press release. The company says that acquiring SciTec will give it an edge in defense-related missions, such as Golden Dome, the Trump administration's proposed defense system to intercept missiles launched at the United States."
""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 in the press release. "These capabilities significantly enhance our ability to deliver integrated, software-defined solutions for critical national security imperatives." SciTec, based in Princeton, New Jersey, makes missile defense, remote sensing, and command and control systems. In May, the US Space Force awarded SciTec a $259 million contract."
Firefly Aerospace agreed to acquire SciTec for roughly $855 million in cash and equity, with the transaction expected to close by the end of 2025. SciTec provides missile defense, remote sensing, and command-and-control systems and offers mission-proven software and big-data processing capabilities that deliver rapid, accurate information for informed homeland defense decisions. The acquisition aims to bolster Firefly's capabilities for defense-related missions, including support for proposed missile-interception programs such as Golden Dome. SciTec reported about $164 million in revenue for the year ending June 30 and won a $259 million U.S. Space Force contract in May. SciTec will operate as a Firefly subsidiary led by Jim Lisowski, reporting to Firefly's CEO.
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