AST SpaceMobile and Firefly Aerospace Announce $1.3 Billion Engine Supply Agreement
AST SpaceMobile (ASTS) has entered into a $1.3 billion agreement with Firefly Aerospace to supply engines for the development of ASTS's own reusable rocket system. The new launch vehicle is intended to deploy the company's BlueBird satellite constellation into low Earth orbit. The announcement triggered positive market movement, with AST SpaceMobile shares rising 2.75% in premarket trading and Firefly Aerospace seeing a significant gain of 12.7%. This partnership marks a strategic move for ASTS to secure vertical integration for its satellite deployment capabilities.
Topics: Aerospace Engineering Satellite Deployment Space Technology
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Part of the story Firefly Aerospace Shares Surge Following $1.3 Billion Engine Deal with AST SpaceMobile (4 articles)