8/102 sources · 2 publishersUpdated Nov 6, 21:49 UTC
Firefly Aerospace signs $1.3 billion three‑year engine supply deal with AST SpaceMobile
Firefly Aerospace announced a three‑year contract with AST SpaceMobile to provide 27 Miranda and nine vacuum‑variant Vira engines for AST’s Blacklift heavy‑lift rockets. The agreement is valued at more than $1.3 billion, including roughly $800 million upfront ($400 million cash and 10‑14 million AST Class A shares). Jefferies reiterated a Buy rating and a $35 price target on Firefly following the deal.
Why it matters
Jefferes says the contract validates Firefly’s engine IP and adds a new funding source, which could accelerate its Alpha and Eclipse programs (). The deal sparked a near‑36% intraday rally in Firefly shares ().
Key facts
- 1The contract is valued at more than $1.3 billion over three years. fxleaders.com
- 2Firefly will deliver 27 Miranda engines and nine vacuum‑variant Vira engines (36 engines total). fxleaders.com
- 3Upfront consideration is approximately $800 million, consisting of $400 million cash and between 10 million and 14 million AST Class A shares. fxleaders.com
- 4Firefly reported 179% revenue growth to $287 million over the last twelve months. investing.com
- 5Full‑year revenue guidance is $420 million to $450 million. investing.com
- 6Q3 2026 revenue is projected at $103 million with a negative EBITDA of $73 million. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.