Firefly Lands Over $1.3 Billion Engine Deal With AST SpaceMobile

Firefly Aerospace (Nasdaq: FLY) announced a three-year agreement with AST SpaceMobile (Nasdaq: ASTS) valued at over $1.3 billion. Firefly will supply 36 rocket engines for AST SpaceMobile’s new heavy-lift rocket: 27 Miranda engines and nine vacuum-variant Vira engines. The deal also includes a license to the engines’ intellectual property and ongoing engineering support.

Firefly says it will use the funding to accelerate production of its own launch vehicles, expand hiring and strengthen its infrastructure to meet record industry demand. For AST SpaceMobile, the agreement secures a critical launch-vehicle component and provides more control over its future launch schedule. Payment will consist of cash and shares of AST Class A common stock.