Finance October 06, 2025

Why Firefly Aerospace Stock Popped Today

newsfeedback@fool.com (Rich Smith)

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.Continue reading

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.Continue reading

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