Article

Firefly Aerospace's shares rose approximately 4% in after-hours trading amid speculation regarding a potential contract for the U.S. military's Golden Dome missile defense initiative. The company recently announced a Block II upgrade for its Alpha rocket, with upcoming flights testing new subsystems, and has garnered investor interest through a partnership with L3Harris Technologies for future launches. Despite a significant drop since its IPO, Firefly's shares have increased nearly 33% this year, with five of eight analysts recommending a 'buy' or 'strong buy.'