Firefly Aerospace (FLY) investor relations material

Deal rationale and strategic fit

• Acquisition expands capabilities in software, big data processing, and AI-enabled systems for national security, defense, and commercial missions, supporting threat tracking, missile warning, and Moon to Mars initiatives.

• Enhances ability to deliver integrated, software-defined solutions and onboard processing, creating a full-service space solutions provider.

• SciTec's expertise in remote sensing, intelligence, surveillance, and autonomous mission management complements existing launch and space services.

• Both organizations share a culture of rapid innovation, technical excellence, and a mission-focused workforce.

Financial terms and conditions

• Transaction valued at approximately $855 million: $300 million in cash and $555 million in equity at $50 per share (11.1 million shares).

• Purchase is on a cash-free, debt-free basis; cash funded via balance sheet and credit facility; equity subject to IPO lock-up until February 3, 2026.

• SciTec generated $164 million in revenue for the twelve months ending June 30, 2025.

Synergies and expected cost savings

• Integration of SciTec's software and data processing with existing hardware accelerates vertical integration, diversifies revenue, and improves operational efficiency.

• Expected to be immediately accretive to adjusted EBITDA margins and free cash flow profile post-close.

• Combined capabilities enable end-to-end solutions for major defense programs, including the $175 billion Golden Dome opportunity.

• Brings best-in-class talent, scalable cyber-secure ground processing, and low-latency threat response capabilities.