Firefly Signs Two-Launch Deal with SSC Space for European Orbital Missions
FLY sits 43% above its 52-week low of $16.
Summary
Firefly Aerospace has signed a multi-launch agreement with SSC Space for two Alpha rocket launches from Sweden's Esrange Space Center, targeting no earlier than 2028. The missions will serve Swedish national security customers and commercial rideshare payloads, with SSC Space securing full payload capacity. This contract builds on the June 30 infrastructure and regulatory agreements between the two companies, marking a concrete step toward orbital launch capability from mainland Europe. The deal expands Firefly's launch backlog and strengthens its position in the European market, though revenue impact is likely modest relative to its $1.47B backlog. Watch for further European launch contracts as Esrange pad construction completes.
At the time of this announcement, FLY was trading at $22.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $16.00 to $62.17. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.