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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Firefly Aerospace plans to raise $350 million in funds to ramp up production, advance long-term growth initiatives and further develop a larger launch vehicle, SpaceNews reported Wednesday. Tom Markusic, CEO of Firefly Aerospace, said the company would use $125 million of the funds to support “product enhancements” such as tooling and facilities to scale up the production of its launch vehicles.

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Peter Schumacher, a partner at private equity firm AE Industrial Partners, has been appointed to serve as CEO of Firefly Aerospace on an interim basis. He replaces Tom Markusic, who has transitioned from the chief executive role to full-time member of the board of directors and chief technical adviser at Firefly, the company said Wednesday. […] More
Firefly Aerospace has raised $75 million in a round of Series B financing led by AE Industrial Partners and will use the capital to support future flights of its Alpha launch vehicle and advance the development of the Blue Ghost Lunar Lander Program and other launch and in-space platforms. AEI said Tuesday it also completed […] More
Lauren Lyons, former executive at Blue Origin and SpaceX, was appointed as chief operating officer at Firefly Aerospace where she will be responsible for driving efforts in scaling production and operations to support company growth. The new COO will focus on moving Firefly toward a production environment from its research and development setting to ensure […] More

Firefly Aerospace has announced plans to open manufacturing and launch facilities within Cape Canaveral Spaceport in Florida. The company said Friday it will invest $52M to construct production facilities at Exploration Park and begin launch operations at Space Launch Complex 20 as part of an agreement with Space Florida, the state’s spaceport development authority.

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