On June 8, Firefly Aerospace rose 5.56% in regular trading, trading at $37.51/share, with trading volume of $40.55 million. The stock rebounded after suffering a steep decline from its $48 offering price over the prior week.

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

The broader aerospace sector also staged an oversold rebound, with peers Redwire up 3.39%, Rocket Lab up 2.78%, and Intuitive Machines up 2.93%, as the selling pressure from the Blue Origin New Glenn rocket explosion incident earlier this month appeared to ease. The sector-wide recovery in sentiment provided additional tailwinds for the stock's intraday gains.

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