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On October 6, 2023, SciTec announced its intent to be acquired by Firefly Aerospace, with closing anticipated in the fourth quarter of 2025.
SSC selected SciTec in August 2022 to deliver next-generation mission data processing applications for Missile Warning following a 12-month prototype competition.
Earlier in 2023, SciTec received the Enterprise OPIR System contract to complete the FORGE Framework, integrating these elements for Operational Application #2.
In March 2023, SSC tasked SciTec to add sensor-specific processing applications after a nine-month competitive fly-off.
SciTec executes the FORGE program primarily from its software factory in Boulder, Colorado.
Firefly Aerospace has reached a definitive agreement to acquire national security technology company SciTec, Inc. for approximately $855 million.
The acquisition package includes $300 million in cash and $555 million in Firefly shares issued to SciTec owners at a price of $50 per share.
SciTec's customers include the National Reconnaissance Office, the National Geospatial-Intelligence Agency, U.S. Space Systems Command, the Space Development Agency, and the Missile Defense Agency.
SciTec has approximately 475 employees, with 90 percent holding security clearances.
SciTec achieved approximately $164 million in sales over the 12 months ending June 30, 2023, with positive operating income and cash flow.
Firefly Aerospace has agreed to acquire SciTec, Inc., a company specializing in data processing and analytics for the intelligence community and U.S. Space Force.
Once the acquisition closes, SciTec will operate as a subsidiary of Firefly, led by Jim Lisowski, who will report to Jason Kim.
Earlier in 2023, the U.S. Space Systems Command awarded SciTec a $259 million contract to deliver FORGE.
Firefly CEO Jason Kim stated that acquiring SciTec enhances their ability to support defense missions and provides a significant operational advantage.
SciTec has operations in Boulder, Colorado; Dayton, Ohio; El Segundo, California; and Huntsville, Alabama.
The Trump administration’s $175 billion Golden Dome missile defense vision provides rationale for Firefly's acquisition of SciTec.
SciTec will be operated as a Firefly subsidiary under its current business model led by Jim Lisowski.
SciTec further adds ground and onboard data processing as well as AI-enabled systems designed for low latency operations.
The acquisition involves $300 million in cash and $555 million in Firefly shares issued to SciTec owners at a price of $50 per share.
SciTec was awarded a $259 million contract by the U.S. Space Force to enhance the Future Operational Resilient Ground Evolution (FORGE) framework.