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Alex Perry

What's Driving The Surge In Firefly Aerospace Stock Today?

Firefly Fly Firefly Aerospace Jason Kim National Security

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Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) are rising Monday after the space and defense technology company announced that it would acquire a player in the advanced national security technologies space.

What To Know: Firefly will acquire SciTec, Inc. for approximately $855 million through a combination of cash and stock. The company will pay $300 million in cash, and $555 million in Firefly shares priced at $50 each.

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