- Firefly Aerospace (Nasdaq: FLY) has entered into a definitive agreement to acquire **SciTec, Inc.**, a leader in advanced national security technologies, for approximately **$855 million**.  **[1860160_0001193125-25-230927_d46239dex991.htm:0]** 
- The acquisition consideration comprises **$300 million in cash** and **$555 million in Firefly shares**, with shares issued at a price of **$50 per share**.  **[1860160_0001193125-25-230927_d46239dex991.htm:0]** 
- SciTec generated approximately **$164 million in revenue** for the twelve-month period ending **June 30, 2025**, and was awarded a **$259 million contract** by the U.S. Space Force earlier this year.  **[1860160_0001193125-25-230927_d46239dex991.htm:0]** 
- The acquisition is expected to close by **year-end 2025**.  **[1860160_0001193125-25-230927_d46239dex991.htm:0]**

Firefly Aerospace Announces Acquisition of SciTec

- Firefly Aerospace announced the acquisition of SciTec for **$855 million** on a cash-free, debt-free basis.  **[1860160_2167551:10]** 
- The purchase price will be paid with **$300 million in cash** and **$555 million in Firefly common stock**, equating to **11.1 million shares** at a price of **$50 per share**.  **[1860160_2167551:10]** 
- SciTec's last twelve months (LTM) revenue as of June 30, 2025, was approximately **$164 million**, and it is EBITDA and Free Cash Flow positive.  **[1860160_2167551:10]** 
- The acquisition is expected to close by the **end of 2025**, subject to customary regulatory approvals, and is anticipated to be immediately accretive to Firefly's Adjusted EBITDA margins and free cash flow profile post-close.  **[1860160_2167551:10]** 
- This acquisition expands Firefly's space and defense portfolio by adding big data software, mission-proven defense software, and enhancing its ability to deliver integrated, software-defined solutions for national security and defense missions.  **[1860160_2167551:10]** **[1860160_2167551:11]**

- Kessler Topaz Meltzer & Check, LLP is investigating **Firefly Aerospace Inc.** for potential violations of federal securities laws.  **[1860160_20251003DC88361:0]** 
- The investigation follows Firefly Aerospace's financial results for the **second quarter of fiscal year 2025**, reported on September 22, 2025, which showed **revenue of $15.5 million**, a **year-over-year decline of more than 27%**, and **total operating expenses of $58.3 million**, a **year-over-year increase of more than 12%**.  **[1860160_20251003DC88361:0]** 
- Following this news, Firefly Aerospace's stock price **declined by $7.58 per share**, or **approximately 15.31%**, closing at **$41.94** on September 23, 2025, down from **$49.52** on September 22, 2025.  **[1860160_20251003DC88361:0]**

Kessler Topaz Meltzer & Check Investigates Firefly Aerospace

- Firefly Aerospace reported **revenue of $15.549 million** for Q2 2025 and **$71.404 million** for the six months ended June 30, 2025.  **[1860160_2152823:9]** 
- The company posted a **net loss of $63.778 million** and **Adjusted EBITDA of $(47.903) million** for Q2 2025.  **[1860160_2152823:9]** **[1860160_2152823:14]** 
- As of June 30, 2025, Firefly Aerospace held **$205.286 million in cash and cash equivalents**.  **[1860160_2152823:10]** 
- Operationally, Firefly has secured **over $500 million in Blue Ghost contracts** from NASA and completed Blue Ghost Mission 1 on March 16, 2025, with a **$10 million NASA data contract addendum signed in Q3**.  **[1860160_2152823:7]** 
- The company is targeting the **launch of Elytra Mission 1 in 2025**.  **[1860160_2152823:7]**

Firefly Aerospace Announces Q2 2025 Financial Results and Operational Updates

- Firefly Aerospace reported **Q2 2025 revenue of $15.5 million**, a **gross margin of 25.7%**, and a **non-GAAP net loss of $57.1 million**.  **[1860160_2152902_4]** 
- The company's **total backlog increased to $1.3 billion** after securing a **$177 million contract for Blue Ghost Mission 4** in July.  **[1860160_2152902_1]** **[1860160_2152902_4]** 
- Following its **historic IPO in August**, which raised **$1 billion in gross proceeds**, Firefly Aerospace's cash and cash equivalents stood at approximately **$1 billion** at the end of August, after paying off a **$148.1 million term loan**.  **[1860160_2152902_4]** 
- The **FAA approved the Alpha rocket to return to flight**, with two more Alpha launches expected this year, and the **Eclipse rocket is progressing towards its inaugural launch next year** with a **$50 million investment from Northrop Grumman**.  **[1860160_2152902_3]** **[1860160_2152902_8]** 
- Firefly Aerospace expects **full-year 2025 revenue to be in the range of $133 million to $145 million**.  **[1860160_2152902_5]**

Firefly Aerospace Reports Q2 2025 Results, Announces $1 Billion Post-IPO Cash, and Provides FY2025 Revenue Guidance

- Firefly Aerospace reported **second quarter 2025 revenue of $15,549 thousand** and a **net loss of $(63,778) thousand** for the period ended June 30, 2025, following its historic Initial Public Offering (IPO) on **August 7, 2025**, which raised **$933.1 million** in net proceeds.  **[1860160_0001193125-25-211266_fly-ex99_1.htm:0]** **[1860160_0001193125-25-211266_fly-ex99_2.htm:5]** 
- The company's total backlog increased to approximately **$1.3 billion** by the end of July 2025, including a **$176.7 million** NASA contract for Blue Ghost Mission 4.  **[1860160_0001193125-25-211266_fly-ex99_1.htm:0]** 
- Key operational updates include the FAA's Return to Flight determination for its Alpha rocket on **August 26, 2025**, and a **$50 million** preferred equity investment from Northrop Grumman.  **[1860160_0001193125-25-211266_fly-ex99_1.htm:0]** 
- Firefly Aerospace provided **full-year 2025 revenue guidance** between **$133 million** and **$145 million**.  **[1860160_0001193125-25-211266_fly-ex99_1.htm:0]**

Firefly Aerospace Reports Q2 2025 Results, Post-IPO Updates, and 2025 Guidance

- Firefly Aerospace Inc. has received **Federal Aviation Administration (FAA) clearance** to resume Alpha rocket launches following the **April 29, 2025, Flight 6 mishap**.  **[1860160_0001193125-25-188766_d77655d8k.htm:2]** 
- An investigation determined the probable root cause of the mishap was excessive heat from Plume Induced Flow Separation due to a higher angle of attack, and **corrective actions have been implemented**.  **[1860160_0001193125-25-188766_d77655d8k.htm:2]** 
- The company is now working to determine the **next available launch window for Alpha Flight 7**.  **[1860160_0001193125-25-188766_d77655d8k.htm:2]**

Firefly Aerospace (FLY)