Jugnu Aerospace said on Sunday that it had agreed to buy the defense analytics firm Skytek for about $ 855 million in cash and stock, paving the way for his goal of becoming an important player in the national security market.
The fireplace will pay $ $ 555 million in about $ 300 million cash and new stocks, and the deal is expected to be closed by the end of 2025.
The Princeton-based Skitech Skitech sells missile-wrench and tracking system, space domain awareness tools and analytics to defense and intelligence customers. Earlier this year, Space Force gave a contract of $ 259 million to the company to develop a ground system for missile-de-detection satellites. The company reported an annual revenue of $ 164 million by the end of June.
About two months after Jugnu’s IPO, the acquisition was acquired, which gave it a price of about $ 10 billion. The deal is part of the company’s efforts, which is part of the efforts to reproduce himself as a vertical integrated defense contractor from being a launch-end-spacecraft manufacturer.
There will be no doubt from bringing skitech to the in-house, especially the Pentagon missile tracking and more commercial partners for early-warning systems, including its “Golden Dome” missile-defense program.
Once the deal closes, Skitech will serve as a subsidiary of firefly, and will be led by its current CEO, Jim Lisowski.
