Firefly Aerospace Shares Surge Following $1.3 Billion Engine Deal with AST SpaceMobile
Firefly Aerospace (FLY) shares saw a significant surge after announcing a major agreement to provide rocket engines for AST SpaceMobile (ASTS). Under the terms of the deal, Firefly will sell 36 rocket engines to AST SpaceMobile for $1.3 billion, which is expected to equip three separate rockets. The partnership aims to address launch capacity constraints facing AST SpaceMobile as it seeks to deploy its direct-to-cell satellite constellation. In addition to the initial engine sales, Firefly will grant AST SpaceMobile a license to manufacture additional engines independently, potentially creating a long-term stream of licensing revenue for Firefly.
Coverage
- Firefly Aerospace Shares Surge Following $1.3 Billion Engine Deal with AST SpaceMobile
- GE Aerospace Secures Record $12.9 Billion in Deals at China International Import Expo
- Firefly Aerospace signs $1.3B engine deal with AST SpaceMobile
- AST SpaceMobile and Firefly Aerospace Announce $1.3 Billion Engine Supply Agreement