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On Monday, during the early - stage trading session of U.S. stocks, Firefly Aerospace's stock price witnessed an 8.9% uptick. The company made a public announcement stating its intention to acquire SciTec, a national security technology firm, for a hefty sum of $855 million. The deal is projected to reach completion by the end of 2025. In terms of payment structure, $300 million will be disbursed in cash, while the remaining $555 million will be settled through the issuance of company stock. This strategic acquisition is primarily aimed at leveraging SciTec's specialized knowledge in data analysis and remote - sensing technology. By doing so, Firefly Aerospace aims to significantly bolster its capacity to provide robust support for U.S. defense missions.
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