On June 8, Firefly Aerospace rose 5.07% in pre-market trading, trading at approximately $37.62/share, with trading volume of $1.11 million.

On the news front, the company's subsidiary SciTec was recently awarded a $5.5 million contract option from the U.S. Air Force to provide operational data fusion services for its cloud-based command-and-control system. The option is part of a $24 million contract awarded in 2024 for an advanced battle management system, which helped bolster market confidence in the company's defense revenue pipeline.

Additionally, the broader aerospace sector showed signs of an oversold rebound, with peers Redwire up 1.79% and Rocket Lab up 1.58%, contributing to improved sector sentiment. The stock had previously declined sharply from its $48 offering price to around $36 due to share dilution concerns from a 12-million-share public offering and the Blue Origin New Glenn rocket explosion incident, which destroyed its sole launch site and dampened industry-wide risk appetite.

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