Everspin Technologies Awarded Up To $9.25M Contract To Provide MRAM Technology For Strategic Radiation Hardened eMRAM Macro For Frontgrade Technologies
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Everspin Technologies has been awarded a contract worth up to $9.25 million to provide its MRAM technology for the development of radiation-hardened eMRAM macro for Frontgrade Technologies. This contract supports the Department of Defense's aerospace and defense electronics production.
August 14, 2024 | 5:02 pm
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Everspin Technologies has secured a contract worth up to $9.25 million to provide its MRAM technology for Frontgrade Technologies, supporting the Department of Defense's aerospace and defense electronics production.
The contract is significant for Everspin Technologies as it not only provides immediate revenue but also positions the company as a key supplier for future Department of Defense projects. The initial phase is valued at $1.25 million, with potential for additional phases, indicating a strong revenue stream and strategic importance.
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