Firefly Aerospace Expands Capabilities with Acquisition of SciTec
Firefly Aerospace has entered into a definitive agreement to acquire SciTec, a leader in advanced national security technologies, for approximately $855 million. SciTec’s mission-proven software and big data processing capabilities will supplement Firefly’s launch, lunar, and in-space services, supporting defense missions and providing warfighters with rapid, accurate information. The acquisition is expected to close by year-end 2025, subject to regulatory approvals and customary conditions. Firefly will operate SciTec as a subsidiary under its current business model, with Jim Lisowski, SciTec’s CEO, reporting to Firefly’s CEO, Jason Kim. Goldman Sachs & Co. LLC is serving as exclusive financial advisor, and Kirkland & Ellis LLP is serving as legal advisor to Firefly. Baird is serving as exclusive financial advisor, and Cooley LLP is serving as legal advisor to SciTec. Firefly will hold a conference call on October 5 to discuss the transaction.