Firefly strengthens portfolio with $855 million deal for national security tech firm SciTec


FILE PHOTO: A screen displays the Firefly Aerospace logo during the company's IPO at the Nasdaq MarketSite in New York City, U.S., August 7, 2025. REUTERS/Jeenah Moon/File Photo

(Reuters) -Space tech firm Firefly Aerospace will acquire national security technology company SciTec for about $855 million, the company said on Sunday, just months after its Nasdaq listing, honing its portfolio at a time when U.S. military and civil programs are receiving increased investor interest.

The deal, which will be funded through a combination of $300 million in cash and $555 million in Firefly shares, is set to close by the end of the year, Firefly said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Should I worry about my kid’s screen time? A psychologist says ask yourself these four questions
Spotify digs in on podcasts and opens new Hollywood studios
Lego's new smart bricks light up and make noises when triggered
Musk's X to open source new algorithm in seven days
Review: Build a 1930s New York media empire in 'News Tower'
OpenAI may want users to start interacting with AI in a different way
Tesla passengers have died after being trapped. A new US bill wants changes for door handles
US woman's story of US$1mil loss held up as warning of romance scams
FCC approves SpaceX plan to deploy an additional 7,500 Starlink satellites
Metaverse is out, while AI does the laundry: CES 2026's biggest tech

Others Also Read