BOULDER, Colo. - SciTec, a subsidiary of Firefly Aerospace (NASDAQ:FLY), has been selected by the U.S. Department of the Air Force to deliver the operational data fusion system for the Cloud-Based Command and Control program, according to a press release statement. The parent company Firefly Aerospace, valued at $7.09 billion, has seen its stock decline 24.8% over the past week to $44.24, though shares remain up 147% over the last six months.
The $5.5 million option was executed today as part of an initial $24 million award granted in 2024 under the Advanced Battle Management System indefinite delivery/indefinite quantity contract. SciTec’s data fusion system was selected following a multi-year competition against multiple industry and government-owned alternatives.
The cloud-based system ingests military and civilian data feeds and combines them with additional sources for command-and-control capabilities. The system supports homeland defense operations for the North American Aerospace Defense Command, United States Northern Command, and Pacific Air Forces.
"I am incredibly proud of the dedication our team has shown in reaching this milestone," said Stephen Purcell, Director of SciTec’s All Domain Solutions portfolio. "Supporting the CBC2 mission is a responsibility of the highest order."
The Cloud-Based Command and Control program is a component of the Department of the Air Force Battle Network, which contributes to the Combined Joint All-Domain Command and Control warfighting system. The program provides situational awareness for homeland defense missions.
SciTec is headquartered in Princeton, New Jersey, and operates as a wholly owned subsidiary of Firefly Aerospace. The company has over four decades of experience in defense software and data processing for national security missions. According to InvestingPro, Firefly holds more cash than debt on its balance sheet, supporting continued investment in defense technology. Investors can access 13 additional InvestingPro Tips and comprehensive financial metrics for deeper analysis.
In other recent news, Firefly Aerospace announced a public offering of 12 million shares of common stock, priced at $48 per share. The offering includes 4 million shares directly from the company and 8 million from certain selling stockholders. Additionally, the selling stockholders have granted underwriters a 30-day option to purchase up to an additional 1.8 million shares at the offering price. In another development, Firefly Aerospace secured a $75 million subcontract from NASA’s Jet Propulsion Laboratory to deliver four drones to the Moon’s south pole for the MoonFall mission, targeted for launch no earlier than 2028. This contract is part of NASA’s larger Moon Base initiative. Furthermore, Firefly Aerospace, alongside Blue Origin, was awarded a contract by NASA for its Moon Base program, which aims to establish infrastructure at the lunar South Pole. Firefly’s role includes building the spacecraft for the MoonFall mission, scheduled for 2028, to survey potential Artemis landing sites. These developments highlight Firefly’s active participation in NASA’s lunar exploration efforts.
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