Firefly Aerospace Awarded Contract to Design Elytra Deorbit System for Defense Innovation Unit

CEDAR PARK, Texas, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, today announced a new contract with the Department of War’s Defense Innovation Unit and Space Development Agency to complete a preliminary design review (PDR) for a mission providing deorbit services with Firefly’s Elytra spacecraft. Once the PDR is complete, Firefly will be eligible to compete for the next phase of mission execution, including launch and spacecraft operations.

“Firefly is known for performing some of the hardest missions in space, and this mission is no exception,” said Jason Kim, CEO of Firefly Aerospace. “In alignment with the White House order to prioritize orbital debris mitigation, our team designed a highly efficient, cost-effective solution for our Elytra vehicles to deorbit satellites nearing end of life. This dialable system can deorbit satellites of vastly different sizes and configurations to help mitigate the growing space debris challenge our industry is up against.”