TLDR
- Firefly Aerospace (FLY) stock traded near $20.93 in premarket Monday, up about 1% after Friday’s 36.8% jump.
- The company was picked as a vendor for NASA’s CLPS 2 lunar program, which has a $10 billion ceiling.
- A separate $1.3 billion, three-year engine deal with AST SpaceMobile (ASTS) is also in focus.
- Third-quarter earnings land Tuesday, Nov. 10, after the close.
- Analysts expect a loss of 51 cents per share on $103.8 million in revenue.
Firefly Aerospace (FLY) stock was trading near $20.93 in premarket Monday, up about 0.8%. That follows a 36.8% rally on Friday. The stock was up as much as 11% in later trading.
The pop came from a big week of news for the Texas space company. Investors are now watching what Firefly says on Tuesday.
NASA Picks Firefly for CLPS 2
NASA named Firefly a vendor under its Commercial Lunar Payload Services 2 contract. The deal covers a 10-year ordering period.
https://x.com/FireflySpace/status/2119202101104455958?a=pB3xfx1UAAmyJSsROrA&s=20
The $10 billion figure is the program’s total ceiling. It is not a guaranteed award to Firefly.
Instead, Firefly can now compete for individual task orders. Each one will cover a specific lunar delivery need.
The program aims to boost the number of Moon deliveries. It also stresses lander reliability and larger cargo loads. Some of that cargo is meant for a permanent lunar base.
Firefly pointed to its Blue Ghost Mission 1 as proof it can deliver. That lander touched down on the Moon in March 2025 and hit all its goals.
CEO Jason Kim said the mission “proved Firefly can deliver on the Moon.” He added that CLPS 2 lets the company “do it again and again at greater scale.”
The company also holds four more missions under the earlier CLPS 1 program. It has a separate contract to deliver NASA’s MoonFall mission too.
To keep up, Firefly is ramping up production of Blue Ghost landers and Elytra orbiters. Its expanded cleanroom can handle up to 12 spacecraft at once.
The company is also working on a bigger lander design. It is meant to haul heavier cargo, terrain vehicles and power systems.
Engine Deal With AST SpaceMobile
The NASA news came after a separate agreement with AST SpaceMobile (ASTS). That deal is worth more than $1.3 billion over three years.
Firefly will supply 27 Miranda engines and nine vacuum-variant Vira engines. They are for AST’s first three heavy-lift rockets.
Firefly will also license its engine manufacturing technology. It will provide engineering support as well.
Proceeds will go toward hiring and long-lead materials. They will also fund equipment and extra test bays at its Rocket Ranch in Briggs, Texas.
Firefly reports third-quarter results Tuesday, Nov. 10, after the market closes. Analysts expect a loss of 51 cents per share, versus a 33-cent loss a year ago.
Revenue is forecast at $103.8 million. That compares with $30.78 million in the same quarter last year.
The stock carries a Buy consensus with an average price target of $36.67. B. Riley cut its target from $50 to $40 on Nov. 4.
KeyBanc trimmed its target from $50 to $35 on Nov. 2. Barclays started coverage at Equal-Weight with a $34 target on Oct. 9.
On the charts, FLY trades 7.6% below its 100-day moving average. It sits 23.5% below its 200-day average.
The RSI reads 56.09, which is neutral. The MACD is above its signal line, a sign of better near-term momentum.
Support sits at $20.00, with resistance near $20.50. FLY is up 7.90% over 12 months and sits at 12.8% of its 52-week range.
