Texas-based Firefly Aerospace is acquiring SciTec, Inc., a New Jersey-based defense and intelligence technology company, in an $855 million deal consisting of $300 million in cash and $555 million in Firefly stock issued at $50 per share. According to reporting by CNBC, the acquisition is part of Firefly’s strategy to position itself as a key national security partner amid increasing demand for advanced space-based defense solutions.
Firefly anticipates the acquisition will expand its offerings beyond launch and lunar services by integrating SciTec’s solutions across areas like missile warning and tracking, space domain awareness and AI-enabled data analytics.
“These capabilities significantly enhance our ability to deliver integrated, software-defined solutions for critical national security imperatives, particularly Golden Dome,” Jason Kim, CEO of Firefly Aerospace, said in a statement.
SciTec specializes in onboard and ground-based processing systems designed to identify and respond to threats in real time. The company reported approximately $164 million in revenue over the past year, backed by a base of defense and commercial contracts. Earlier this year, it secured a $259 million U.S. Space Force contract to support the FORGE program, which is modernizing ground infrastructure for missile detection and tracking.
The acquisition is expected to close by the end of 2025, pending regulatory approval. Once finalized, SciTec will operate as a wholly owned Firefly subsidiary, continuing under current CEO Jim Lisowski, who will report to Kim.
