9 Defense Stocks That Will Skyrocket

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1. Firefly Aerospace Inc. (NASDAQ:FLY)

Share Price Upside Potential: 79.75%

Number of Hedge Fund Holders: N/A

Firefly Aerospace Inc. (NASDAQ:FLY) is among the 9 Defense Stocks That Will Skyrocket. On October 5, the space tech firm further strengthened its portfolio, with the announcement to acquire national security technology company, SciTec Inc., for about $855 million.

The transaction will be funded through a combination of $555 million in Firefly shares and $300 million in cash. The acquisition is expected to close at the end of 2025.

The takeover comes just months after Firefly Aerospace Inc.’s (NASDAQ:FLY) Nasdaq debut in August, in which its shares surged 55.6% to achieve a valuation of $9.84 billion and marked the largest U.S. listing in 2025 by a space tech company.

The acquisition of SciTec is set to bolster Firefly Aerospace Inc.’s (NASDAQ:FLY) space services through the integration of the former’s defense software analytics into its systems. The move is also expected to enhance its existing launch, lunar, and in-space offerings, given SciTec’s core capabilities in missile warning, ISR, tracking and defense, space domain awareness, and other elements.

Firefly Aerospace Inc. (NASDAQ:FLY) is a space and defense technology company, providing mission solutions for government and commercial customers.

While we acknowledge the potential of FLY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLY and that has 100x upside potential, check out our report about this cheapest AI stock.

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