Cedar Park’s Firefly Aerospace is expanding its reach into the defense sector with the acquisition of a national security technology company.

On Oct. 5, Firefly announced it would be acquiring SciTec Inc. for $855 million. The sale will be achieved through a $300 million cash payment plus $555 million in Firefly stock, issued to the owners of SciTec at $50 per share. The acquisition is expected to be completed by the end of 2025, according to a news release.

The details

SciTec, headquartered in Princeton, New Jersey, specializes in national security initiatives such as missile detection, surveillance and intelligence. Firefly aims to use the company’s programs to enhance its space services by adding mission-driven defense software, remote sensing and data analysis capabilities. SciTec t

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