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Everspin signs $40 million R&D subcontract with Amentum for toggle MRAM program

PUBT·04/29/2026 21:24:43
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Everspin signs $40 million R&D subcontract with Amentum for toggle MRAM program
  • Everspin entered an IDIQ subcontract with Amentum under a US government microelectronics RDT&E program focused on Toggle MRAM.
  • Agreement runs 30 months from April 20, 2026 to November 21, 2028.
  • Firm fixed price milestone structure totals USD 40 million across two phases.
  • Work centers on building on-shore Toggle MRAM production capability, process engineering support, electrical characterization.
  • Amentum can terminate for convenience only if NSWC Crane first terminates prime contract.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Everspin Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-028432), on April 29, 2026, and is solely responsible for the information contained therein.