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Firefly Aerospace Announces Second Multi-Launch Agreement with L3Harris for up to 20 Alpha Launches

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Firefly Aerospace has announced a new multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket. This 5-year agreement, spanning from 2027 to 2031, includes two to four missions per year based on customer needs. It complements an existing agreement for three Alpha missions in 2026.

The Alpha rocket will launch L3Harris spacecraft into low-Earth orbit from Firefly's SLC-2 launch site at the Vandenberg Space Force Base. Alpha can support responsive space needs for both government and commercial customers, delivering satellites up to 1,030 kg directly to preferred orbits.

Firefly is accelerating vehicle production with a facility expansion in Briggs, Texas, featuring new automated technology that significantly reduces production time for Alpha's carbon composite structures.

Firefly Aerospace ha annunciato un nuovo accordo multi-lancio con L3Harris Technologies (NYSE: LHX) per un massimo di 20 lanci sul razzo Alpha di Firefly. Questo accordo di 5 anni, che va dal 2027 al 2031, prevede da due a quattro missioni all'anno in base alle esigenze dei clienti. Complementa un accordo esistente per tre missioni Alpha nel 2026.

Il razzo Alpha lancerà i veicoli spaziali L3Harris in orbita bassa terrestre dalla piattaforma di lancio SLC-2 di Firefly presso la Vandenberg Space Force Base. Alpha può soddisfare le esigenze spaziali reattive sia per clienti governativi che commerciali, trasportando satelliti fino a 1.030 kg direttamente nelle orbite desiderate.

Firefly sta accelerando la produzione dei veicoli con l'espansione di un impianto a Briggs, Texas, dotato di nuova tecnologia automatizzata che riduce significativamente i tempi di produzione per le strutture in composito di carbonio dell'Alpha.

Firefly Aerospace ha anunciado un nuevo acuerdo de múltiples lanzamientos con L3Harris Technologies (NYSE: LHX) para hasta 20 lanzamientos del cohete Alpha de Firefly. Este acuerdo de 5 años, que abarca desde 2027 hasta 2031, incluye de dos a cuatro misiones por año según las necesidades del cliente. Complementa un acuerdo existente para tres misiones Alpha en 2026.

El cohete Alpha lanzará naves espaciales de L3Harris a órbita baja terrestre desde el sitio de lanzamiento SLC-2 de Firefly en la Base Espacial de Vandenberg. Alpha puede apoyar necesidades espaciales reactivas tanto para clientes gubernamentales como comerciales, entregando satélites de hasta 1,030 kg directamente en las órbitas preferidas.

Firefly está acelerando la producción de vehículos con una expansión de instalaciones en Briggs, Texas, que cuenta con nueva tecnología automatizada que reduce significativamente el tiempo de producción para las estructuras compuestas de carbono del Alpha.

파이어플라이 에어로스페이스가 L3Harris Technologies (NYSE: LHX)와 최대 20회의 발사를 위한 새로운 다중 발사 계약을 발표했습니다. 이 5년 계약은 2027년부터 2031년까지 진행되며 고객의 요구에 따라 연간 2회에서 4회의 미션을 포함합니다. 이는 2026년에 예정된 3회의 알파 미션에 대한 기존 계약을 보완합니다.

알파 로켓은 반덴버그 우주군 기지의 파이어플라이 SLC-2 발사 사이트에서 L3Harris 우주선을 저지구 궤도로 발사합니다. 알파는 정부 및 상업 고객의 응답성 우주 요구를 지원할 수 있으며, 최대 1,030kg의 위성을 선호하는 궤도로 직접 전달합니다.

파이어플라이는 텍사스 브릭스에 있는 시설 확장으로 차량 생산을 가속화하고 있으며, 알파의 탄소 복합체 구조물의 생산 시간을 단축시키는 새로운 자동화 기술을 도입했습니다.

Firefly Aerospace a annoncé un nouvel accord de lancement multiple avec L3Harris Technologies (NYSE: LHX) pour jusqu'à 20 lancements sur la fusée Alpha de Firefly. Cet accord de 5 ans, qui s'étend de 2027 à 2031, comprend de deux à quatre missions par an en fonction des besoins des clients. Il complète un accord existant pour trois missions Alpha en 2026.

La fusée Alpha lancera des engins spatiaux L3Harris en orbite basse terrestre depuis le site de lancement SLC-2 de Firefly à la Vandenberg Space Force Base. Alpha peut répondre aux besoins spatiaux réactifs pour les clients gouvernementaux et commerciaux, livrant des satellites de jusqu'à 1 030 kg directement dans leurs orbites préférées.

Firefly accélère la production de véhicules avec une expansion de ses installations à Briggs, au Texas, dotées d'une nouvelle technologie automatisée qui réduit considérablement le temps de production des structures en composite de carbone de l'Alpha.

Firefly Aerospace hat eine neue Multi-Launch-Vereinbarung mit L3Harris Technologies (NYSE: LHX) für bis zu 20 Starts mit der Alpha-Rakete von Firefly bekannt gegeben. Diese 5-Jahres-Vereinbarung, die von 2027 bis 2031 reicht, umfasst je nach Kundenbedarf zwei bis vier Missionen pro Jahr. Sie ergänzt eine bestehende Vereinbarung für drei Alpha-Missionen im Jahr 2026.

Die Alpha-Rakete wird L3Harris-Raumfahrzeuge in niedrige Erdorbit von Fireflys Startgelände SLC-2 auf der Vandenberg Space Force Base starten. Alpha kann reaktive Weltraumbedürfnisse sowohl für staatliche als auch für kommerzielle Kunden unterstützen und Satelliten mit einem Gewicht von bis zu 1.030 kg direkt in die bevorzugten Orbits liefern.

Firefly beschleunigt die Fahrzeugproduktion mit einer Erweiterung der Einrichtung in Briggs, Texas, die mit neuer automatisierter Technologie ausgestattet ist und die Produktionszeit für die kohlenstofffaserverstärkten Strukturen der Alpha-Rakete erheblich reduziert.

Positive
  • Secured a new multi-launch agreement for up to 20 Alpha rocket launches
  • Extended partnership with L3Harris Technologies, a major aerospace company
  • Potential for increased launch frequency (2-4 missions per year) from 2027 to 2031
  • Expanded launch capabilities for satellites up to 1,030 kg
  • Accelerated vehicle production with new facility expansion and automated technology
Negative
  • None.

Insights

This multi-launch agreement between Firefly Aerospace and L3Harris is a significant development in the small satellite launch market. The deal for up to 20 Alpha launches over five years demonstrates strong confidence in Firefly's capabilities and suggests a robust demand for small-lift services.

The agreement's flexibility, allowing for 2-4 missions annually, indicates a strategic approach to meet evolving market needs. This long-term commitment from a major player like L3Harris could provide Firefly with a stable revenue stream and help establish its position in the competitive launch market.

Firefly's focus on rapid production and facility expansion, including automated manufacturing processes, shows a proactive approach to scaling operations. This could be important in meeting the increased launch demand and maintaining a competitive edge in the small-lift segment.

This agreement represents a substantial business opportunity for Firefly Aerospace. Assuming an average of 3 launches per year at an estimated $15 million per launch, this deal could potentially generate $45 million in annual revenue, or $225 million over the 5-year period.

The additional volume from this agreement, combined with the previous 3-launch deal for 2026, could lead to economies of scale, potentially improving Firefly's profit margins. However, it's important to consider the capital expenditure required for the production ramp-up and facility expansion.

For L3Harris (NYSE: LHX), this agreement suggests a significant investment in their space business, which could impact their future financial performance. Investors should monitor how this translates into L3Harris' revenue growth and profitability in the coming years.

Firefly's Alpha rocket, capable of delivering payloads up to 1,030 kg to low-Earth orbit, positions the company well in the small-lift launch market. The focus on responsive space needs and direct, on-demand deliveries aligns with the growing trend of rapid and flexible space access.

The implementation of an automated fiber placement machine for carbon composite structures is a technological advancement that could significantly reduce production time and costs. This innovation, allowing structure production in days rather than weeks, could be a game-changer for Firefly's manufacturing efficiency.

The use of Vandenberg Space Force Base's SLC-2 launch site provides Firefly with a strategic location for various orbit inclinations, enhancing its ability to serve diverse customer requirements. This flexibility could be a key differentiator in attracting future launch contracts.

New 5-year agreement supports L3Harris' Space Business beyond Firefly's existing agreement for three L3Harris launches in 2026

CEDAR PARK, Texas, Aug. 7, 2024 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, today announced it signed a multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket, including two to four missions per year from 2027 to 2031 depending on customer needs. The new agreement is in addition to Firefly's existing multi-launch agreement with L3Harris for three Alpha missions in 2026.

"The Firefly team is proud to build on our existing relationship with L3Harris and serve as a long-term launch provider for their robust satellite systems," said Peter Schumacher, Interim CEO at Firefly Aerospace. "Firefly continues to see growing demand for Alpha's responsive small-lift services, and we're committed to providing a dedicated launch option that takes our customers directly to their preferred orbits."

Under the agreement, Firefly's Alpha rocket will launch L3Harris spacecraft into low-Earth orbit from Firefly's SLC-2 launch site at the Vandenberg Space Force Base. Alpha supports the responsive space needs of both government and commercial customers with the ability to provide direct, on-demand deliveries for satellites up to 1,030 kg.

Following the most recent Alpha launch for NASA, Firefly continues to accelerate vehicle production. The company's latest facility expansion in Briggs, Texas, including a new automated fiber placement machine, allows the team to rapidly build and test Alpha's carbon composite structures in a matter of days versus weeks.

About Firefly Aerospace
Firefly Aerospace is an end-to-end space transportation company with launch, lunar, and on-orbit services. Headquartered in central Texas, Firefly is a portfolio company of AE Industrial Partners ("AEI") focused on delivering responsive, reliable, and affordable space access for government and commercial customers. Firefly's small- to medium-lift launch vehicles, lunar landers, and orbital vehicles provide the space industry with a single source for missions from low Earth orbit to the surface of the Moon and beyond. For more information, visit www.fireflyspace.com.

Contact
press@fireflyspace.com

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SOURCE Firefly Aerospace, Inc.

FAQ

What is the new launch agreement between Firefly Aerospace and L3Harris Technologies (LHX)?

Firefly Aerospace signed a new multi-launch agreement with L3Harris Technologies (LHX) for up to 20 launches on Firefly's Alpha rocket, including two to four missions per year from 2027 to 2031, depending on customer needs.

How does this agreement complement Firefly's existing contract with L3Harris (LHX)?

This new agreement is in addition to Firefly's existing multi-launch agreement with L3Harris (LHX) for three Alpha missions scheduled in 2026.

What is the payload capacity of Firefly's Alpha rocket for L3Harris (LHX) launches?

Firefly's Alpha rocket can provide direct, on-demand deliveries for satellites up to 1,030 kg to low-Earth orbit for L3Harris (LHX) and other customers.

Where will the L3Harris (LHX) spacecraft be launched from under this agreement?

The L3Harris (LHX) spacecraft will be launched into low-Earth orbit from Firefly's SLC-2 launch site at the Vandenberg Space Force Base.

How is Firefly Aerospace improving its production capabilities for the Alpha rocket?

Firefly is accelerating vehicle production with a facility expansion in Briggs, Texas, including a new automated fiber placement machine that allows rapid building and testing of Alpha's carbon composite structures in days instead of weeks.

L3Harris Technologies, Inc.

NYSE:LHX

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