Firefly Aerospace is set to acquire SciTec, Inc. for $855 million, with $300 million in cash and $555 million in Firefly shares. SciTec, based in Princeton, N.J., has five facilities near key space and defense customers. The deal is expected to close by the end of 2025, with SciTec operating as a Firefly subsidiary under CEO Jim Lisowski, reporting to Firefly’s CEO Jason Kim.

Read more at Nasdaq: Firefly Aerospace To Acquire SciTec In $855 Mln Deal