On June 15, Firefly Aerospace rose 6.24% in regular trading, trading at $33.68/share, with turnover of $34.57 million.
On the news front, the aerospace sector is staging a recovery after SpaceX's Nasdaq debut triggered severe selling pressure across the space industry, with Firefly previously plunging over 18% in a single session. The sharp decline created significant technical rebound demand. Today, the broader aerospace sector showed signs of stabilization, with peer Rocket Lab up 5.77%, Redwire up 3.9%, and Boeing up 4.12%.
Additionally, KeyBanc upgraded Firefly from sector weight to outperform, setting a price target of $50. Analysts polled by FactSet show an average overweight rating with a mean target of $44.89. The company's subsidiary SciTec also recently secured a $5.5 million US Air Force contract option for operational data fusion services supporting its cloud-based command and control system, a continuation of its prior $24 million advanced battle management system contract.
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