Firefly Aerospace will pay $855 million to acquire the 46-year-old defense technology company SciTec, which has customers across U.S. defense and national security agencies.
Credit: Maxal Tamor/Alamy Stock Photo
Firefly Aerospace will pay $855 million to acquire defense technology company SciTec, the Texas-based startup said on Oct 5. Firefly will pay for the deal with a combination of $300 million in cash and $555 million in company stock issued to SciTec owners at a price of $50 per share. Princeton, New...
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