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Firefly Aerospace signs $1.3 billion engine sale agreement with AST SpaceMobile

The Motley Fool +1 · ·by G4L

FLY
FLY Firefly Aerospace Inc
$24.31 +17.10%
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  1. 1Firefly Aerospace has agreed to sell 36 rocket engines to AST SpaceMobile.
  2. 2Firefly Aerospace shares rose 26.8% as of 11:30 AM ET following news of the $1.3 billion rocket engine sale contract.
  3. 3AST SpaceMobile plans to build its own rockets to launch satellites and will use Firefly's engines for this purpose.

So what's the key point?

Firefly Aerospace agreed to sell $1.3 billion worth of engines to AST SpaceMobile. Firefly Aerospace shares rose 26.8% on this news.

Source The Motley Fool +1 · View original ↗

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Firefly Aerospace shares up 17% following NASA project selection and major contract The Motley Fool +1 · 1h agoFirefly Aerospace Selected as NASA CLPS 2 Program Supplier InvestorsHub +1 · 5h agoFirefly Aerospace signs $1.3 billion rocket engine contract with AST SpaceMobile Investing.com +2 · 3d ago
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