Firefly Aerospace will acquire SciTec for $855 million, funded by $300 million cash and $555 million in shares, closing by year end. Firefly’s valuation hit $9.84 billion in August after a 55.6% surge in Nasdaq debut. The deal enhances Firefly’s space services with SciTec’s defense software analytics, bolstering launch capabilities. SciTec will operate as a Firefly unit under CEO Jim Lisowski, boosting lucrative military-space prospects amid rising geopolitical tensions. Firefly’s comeback from bankruptcy in 2017 and CEO ouster last year is notable.

Read more at Yahoo Finance: Firefly Aerospace strengthens portfolio with $855 million deal for national security tech firm SciTec