The downward move is primarily due to a combination of anticipated quarterly financial results and a severe sell-off in the broader market. The aerospace player is facing stiff resistance from the macroeconomic environment. The Nasdaq has dropped 0.87%, while the S&P 500 has shed 0.62%.<\/p>\n
Strategic Defense Partnerships<\/p>\n
Firefly remains deeply embedded in government programs<\/a>. The company holds a multi-launch agreement with Lockheed Martin Corp for up to 25 Alpha missions through 2029.<\/p>\n Additionally, the firm has secured contracts with L3Harris Technologies Inc (NYSE:<\/a>LHX<\/a>). Starting in 2026, Alpha will fly three dedicated missions for L3Harris from Vandenberg Space Force Base.<\/p>\n Technical Analysis<\/p>\n Firefly is trading 5.3% above its 20-day simple moving average (SMA), but 2% below its 100-day SMA, showing short-term stabilization that hasn’t fully flipped the bigger trend back to bullish. <\/p>\n Shares are down 63.06% over the past 12 months and are positioned closer to their 52-week lows than highs, which keeps the longer-term recovery narrative fragile.<\/p>\n The RSI is at 53.41, which sits in neutral territory. Meanwhile, MACD is at 0.1020 versus a signal line at -0.4872,<\/p>\n FLY Stock Price Activity: Firefly Aerospace shares were down 3.92% at $22.28 at the time of publication on Thursday, according to Benzinga Pro data<\/a>.<\/p>\n Firefly Aerospace-Photo by T. Schneider via Shutterstock<\/p>\n This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/p>\n