DMEA Exercises $121M Option on GlobalFoundries Microelectronics Contract

GlobalFoundries will continue to provide the Department of Defense access to microelectronic processes under a $121M contract modification from the Defense Microelectronics Activity.

The modification represents the third option under a previously awarded contract and brings the potential cumulative value to $501.4M, the Pentagon said Friday.

Work under the exercised option will take place in Vermont and New York through March 31, 2020.

DMEA will obligate $54.9M in fiscal 2019 funds on the award. The activity develops and tests microelectronic systems and components for use in military weapons.

GlobalFoundries produces semiconductor technology for aerospace and defense, mobility, automotive, internet of things and communications and data center applications.

You may also be interested in...

ArchIntel

ArchIntel Offering Competitive Intelligence Roundtable Membership to Enhance CI Collaboration

ArchIntel, the market leading provider of open source daily intelligence, competitive intelligence reports and competitive intelligence events, is now offering a Competitive Intelligence Roundtable Membership for CI professionals at the executive level to privately discuss the challenges and best practices for the competitive and market intelligence sectors. 

SOSi CEO Julian Setian Receives Wash100 Award

SOSi CEO Julian Setian Receives Second Consecutive Wash100 Award for Driving Growth, Emerging Tech Capabilities

For the second consecutive year, SOS International CEO Julian Setian has received a Wash100 Award for his leadership and vision to drive company growth and innovation for its technical capabilities in cloud, cybersecurity, data analytics and software development. Under his leadership, Setian has continued to drive company growth and expansion of its vital capabilities.