New Delhi, Oct. 6 -- Firefly Aerospace has entered into a definitive agreement to acquire SciTec Inc. for approximately USD 855 million through a combination of USD 300 million in cash and USD 555 million in Firefly shares issued to SciTec owners at a price of USD 50 per share, an official statement said.
This acquisition will fuel Firefly's comprehensive space services by adding mission-proven defense software analytics, remote sensing, and multi-phenomenology data expertise.
Jason Kim, CEO of Firefly Aerospace, said, " The acquisition of SciTec enhances our ability to support a growing number of defense missions and provides us with a significant operational advantage. SciTec's mission-proven software and big data processing capabilitie...