On November 5, Firefly Aerospace announced the successful completion of its acquisition of SciTec, Inc., a leader in advanced national security technologies. The purchase price consisted of a combination of cash and Firefly common stock paid to SciTec owners for the acquisition, which was first announced on October 5.
“Today marks the next era of Firefly with full-service hardware and software for our space and defense customers,” said Jason Kim, CEO of Firefly Aerospace. “SciTec brings more than four decades of experience supporting high-stakes national security missions with industry-leading software applications and big data processing capabilities that are highly complementary of Firefly’s launch, lunar, and in-space vehicles. Together, Firefly and SciTec bring the talent and tech to support the most critical national security programs and deliver the future of edge processing for dynamic space operations.”
“We’re proud to officially join the Firefly team and look forward to combining our software and hardware capabilities to bolster our existing services and create new industry-leading categories for space and defense customers,” said Jim Lisowski, CEO SciTec. “Both companies have become known for executing incredibly difficult missions from delivering a modernized missile warning system to successfully landing on the Moon. Together we’ll be unstoppable.”
SciTec will operate as a Firefly subsidiary under its current business model led by Jim Lisowski, current CEO of SciTec, who reports to Firefly’s CEO Jason Kim.
Source: Firefly
Time is running out — become a paid subscriber to IC News today, and lock in subscription rates at 2025 prices. You’ll get full access to breaking news from across the IC contracting space, with new articles each weekday.
By 
