Firefly Aerospace (FLY) unit, SciTec, has been awarded a $93.7 million firm-fixed price other transaction agreement from the US Space Force to upgrade ground-based radars, Firefly said on Tuesday.

The contract includes modernization efforts to create a common architecture and design for the upgrade of ground-based radars, Firefly said.

Shares of Firefly were down more than 1% in early Tuesday trading.

Price: 25.47, Change: -0.29, Percent Change: -1.13