Firefly Aerospace (FLY) Rockets to the Moon as Firm Bags $75M NASA Contract

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the 10 Stocks With Jaw-Dropping 14-74% Gains.

Firefly Aerospace saw its share prices jump by 18.81 percent on Tuesday to finish at $58.81 apiece, as investors cheered its bagging of a new $75-million contract from the National Aeronautics and Space Administration (NASA) for its ambitious moon exploration.

In a statement on Tuesday, Firefly Aerospace Inc. (NASDAQ:FLY) said that it was awarded a subcontract for the delivery of four drones to the Moon’s south pole in support of the agency’s MoonFall mission targeted for launch in 2028.

Photo from Firefly Aerospace website

MoonFall is part of the first phase of NASA’s Moon Base, a long-term lunar exploration and infrastructure initiative designed to enable sustained human presence and expanded scientific and commercial activity at the lunar south pole.

NASA’s Jet Propulsion Laboratory is building the drones and managing the mission for NASA, which will source the launch vehicle for MoonFall. Upon launching, Firefly Aerospace Inc.’s (NASDAQ:FLY) Elytra spacecraft will carry the drones over a 45-day transit to the Moon and enter lunar orbit before deorbiting and performing a braking maneuver to deploy the drones approximately 50 km above the Moon’s south pole.

“NASA’s MoonFall is an incredible breakthrough mission well aligned with the bold innovation and successful execution that Firefly is known for. This subcontract underscores our commitment to executing challenging missions that push the boundaries of lunar exploration,” Firefly Aerospace Inc. (NASDAQ:FLY) CEO Jason Kim said.

“Built upon the same proven systems that landed Blue Ghost on the Moon, our Elytra spacecraft are equipped to deploy critical high-mass payloads across cislunar space,” he noted.

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