Firefly Aerospace ( FLY ) announced an agreement with AST SpaceMobile ( ASTS ) for more than $1.3B to deliver 36 rocket engines, provide a license to the engine's intellectual property, and offer engineering support over a three-year period for AST SpaceMobile's new heavy-lift rocket. The agreement provides Firefly with additional funds to accelerate its existing launch vehicle production and broader technology roadmap. Under the agreement, Firefly will deliver 27 of its Miranda engines and nine of its vacuum-variant Vira engines for AST SpaceMobile's first three rockets, and provide the license for AST SpaceMobile to manufacture the engines. Under the terms of the agreements, AST SpaceMobile will pay Firefly more than $1.3B, consisting of cash and shares of AST Class A common stock with the latter subject to various lock-up periods.
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