Firefly Aerospace has reached an agreement to acquire SciTec, a New Jersey-based national security technology firm, in a deal valued at approximately $855 million. This strategic acquisition is set to enhance Firefly’s capabilities in the defense and space sectors by integrating SciTec’s specialized knowledge in areas such as missile tracking, intelligence gathering, surveillance, space monitoring, and automated command systems.
In addition to expanding its portfolio, SciTec contributes advanced artificial intelligence and data processing tools essential for accelerating threat detection. This aligns with Firefly’s operational objectives in launch services, lunar exploration, and in-space operations aimed at defense, commercial, and government clients.
The acquisition structure includes $300 million in cash alongside $555 million in Firefly stock, with shares priced at $50 each, payable to SciTec’s owners. On the financial front, SciTec reported revenues of $164 million for the fiscal year ending June 30, 2025. Earlier in the year, the firm secured a significant $259 million contract from the U.S. Space Force to enhance the Future Operational Resilient Ground Evolution framework, which is designed to improve missile warning capabilities and risk response for military personnel.
SciTec, headquartered in Princeton, maintains a robust operational presence with five additional facilities strategically located near major defense and space clients. The company’s leadership is optimistic about the merger, with CEO Jim Lisowski stating that the acquisition represents a strong fit for both companies. He emphasized that both teams share a commitment to innovation and a passion for fulfilling critical missions essential to national security.
The deal is anticipated to close later this year, pending the necessary regulatory approvals. Upon finalization, SciTec will operate as a subsidiary of Firefly, with Lisowski expected to report directly to Firefly CEO Jason Kim. In the financial and legal advisory roles, Goldman Sachs and Kirkland & Ellis are representing Firefly, while Baird and Cooley are advising SciTec in this pivotal transaction.
