On July 2, Firefly Aerospace rose 8.3% in regular trading, trading at approximately $30.76/share, with turnover of $22.74 million. The rally was driven by NASA's announcement that it awarded the company a $144 million Commercial Lunar Payload Services (CLPS) contract.

According to the announcement, NASA selected three companies for robotic lunar lander services, with total contract value reaching $590 million. Firefly will use its Blue Ghost lunar lander to execute a rapid mission to the moon, with design, build, test, and delivery expected within approximately two years and a planned launch in 2028. This marks Firefly's sixth contracted lunar mission to date. The procurement is part of NASA's $20 billion, seven-year lunar base engineering program announced earlier this year, alongside awards to Astrobotic ($297 million) and Intuitive Machines ($148.3 million).

The contract win follows a series of positive developments for Firefly, including its recent acquisition of AI vision navigation firm Space-ng to enhance Blue Ghost capabilities, and a KeyBanc upgrade to Overweight with a $50 price target issued in mid-June citing growth in lunar economy and defense business.

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