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News  ›  The Motley Fool

Why Firefly Aerospace Stock Just Crashed

The Motley Fool Logo The Motley Fool By Rich Smith
Why Firefly Aerospace Stock Just Crashed

Firefly Aerospace completed its $855 million acquisition of defense contractor SciTec, expanding its capabilities in space and defense sectors, but experienced a 12.5% stock price drop despite seemingly positive news.

Insights
FLY   neutral

Stock price dropped 12.5% after acquiring SciTec, but the acquisition appears strategically sound with a reasonable valuation of 5.2 times sales