Why Firefly Aerospace Stock Popped Today
Source: Motley Fool
2025-10-06 12:50:51 ET
Firefly Aerospace (NASDAQ: FLY) stock soared a lucky 7.7% through 11:20 a.m. ET Monday after the space stock announced, over the weekend, that it will purchase defense contractor SciTec for $855 million.
Firefly will pay $300 million in cash and hand over $555 million worth of stock at a $50-per-share valuation to acquire SciTec.
Image source: Getty Images.
Firefly Aerospace Inc.
NASDAQ: FLY
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$3,724,883,744
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Aerospace & Defense
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