WASHINGTON — Firefly Aerospace announced Oct. 5 it plans to acquire defense contractor SciTec for approximately $855 million through a combination of $300 million in cash and $555 million in Firefly shares issued to SciTec owners at a price of $50 per share.

The deal marks an expansion into the defense sector for Firefly, a space technology company that has been building its capabilities across launch services and lunar exploration. Based in Cedar Park, Texas, Firefly develops launch vehicles, lunar landers and in-space transportation vehicles for commercial and national security missions. The company went public on the Nasdaq on Aug. 7.

Expected to close by year end 2025 subject to regulatory approvals, the acquisition is intended to expand Firefly’s footprint in the defense market, whe

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