DealsApr 29, 2026, 04:54 PM
MRAM Secures $40M Toggle MRAM RDT&E Subcontract
AI Summary
Everspin Technologies, Inc. (MRAM) has entered into a $40,000,000 subcontract with Amentum Services Inc. for a Microelectronics Research, Development, Test, and Evaluation (RDT&E) program. The 30-month agreement, running until November 2028, aims to establish on-shore Toggle MRAM production capability for U.S. government strategic systems. MRAM will provide process know-how and IP for Toggle MRAM manufacturing.
Key Highlights
- MRAM entered into a Subcontract with Amentum Services Inc. on April 24, 2026.
- The agreement is for the Microelectronics RDT&E program, valued at $40,000,000.
- The 30-month performance period runs from April 20, 2026, through November 21, 2028.
- The primary purpose is to develop on-shore Toggle MRAM production capability for U.S. government strategic systems.
- MRAM's obligations include program management, process technology, and electrical characterization.
- The agreement is structured as an IDIQ Subcontract with Firm Fixed Price Task Orders.