{"id":956647,"date":"2026-04-30T09:04:59","date_gmt":"2026-04-30T13:04:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\/"},"modified":"2026-04-30T09:04:59","modified_gmt":"2026-04-30T13:04:59","slug":"everspin-executes-40m-agreement-for-mil-aero-mram-applications","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\/","title":{"rendered":"Everspin Executes $40M Agreement for Mil-Aero MRAM Applications"},"content":{"rendered":"

<\/p>\n

Everspin Executes $40M Agreement for Mil-Aero MRAM Applications<\/i><\/b><\/p>\n

Everspin expands on-shore Toggle MRAM technology capabilities, adding support for U.S. government initiatives<\/i><\/p>\n

CHANDLER, Ariz.–(BUSINESS WIRE<\/a>)–
\nEverspin Technologies, Inc. (NASDAQ: MRAM), the world\u2019s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced an agreement with a U.S. prime contractor to provide state-of-the-art Toggle MRAM process technology capabilities and engineering services for United States Defense Industrial Base customers.<\/p>\n

\n\u201cThis work builds on Everspin\u2019s long history supporting U.S. DoW programs where performance, reliability, longevity and U.S. domestic production are critical,\u201d said Sanjeev Aggarwal, President and Chief Executive Officer of Everspin Technologies. \u201cEverspin\u2019s MRAM solutions are used in military and aerospace applications because they deliver consistent performance over time, and this work allows us to continue advancing technology to meet evolving program requirements.\u201d<\/p>\n

\nUnder this agreement, Everspin is a subcontractor on an existing Prime Contract that will provide engineering and foundry services for the U.S. Department of War (DoW). Everspin\u2019s recently announced foundry services agreement with Microchip expands its U.S.-based manufacturing capability, which is expected to support future production of these programs. The agreement is valued at an aggregate of $40.0 million over two and a half years.<\/p>\n

About Everspin Technologies<\/b><\/p>\n

\nEverspin Technologies, Inc. is the world\u2019s leading provider of Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry\u2019s most robust, highest performance non-volatile memory for industrial, data center, automotive, aerospace and other mission-critical applications where data persistence is essential. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com<\/a>. NASDAQ: MRAM.<\/p>\n

\nThis press release contains forward-looking statements regarding future events or results. Forward-looking statements are identified by words such as \u201cwill,\u201d \u201cexpects\u201d or similar expressions and include, but are not limited to, statements regarding Everspin\u2019s anticipated business plans and business strategy. These forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements, including, without limitation, the risks set forth under the caption \u201cRisk Factors\u201d in Everspin\u2019s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 5, 2026, as well as in Everspin\u2019s subsequent filings with the SEC. Any forward-looking statements made by Everspin in this press release speak only as of the date on which they are made, and subsequent events may cause these expectations to change. Everspin disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260430725216\/en\/<\/a><\/span><\/p>\n

Media Relations:
\n<\/b>
Stephanie Quinn
\n
Bodewell Group
\n
T: 480-316-8370
\n
squinn@bodewellgroup.com<\/a><\/p>\n

Investor Relations:
\n<\/b>
Monica Gould
\n
The Blueshirt Group
\n
T: 212-871-3927
\n
ir@everspin.com<\/a><\/p>\n

KEYWORDS:<\/b> Arizona United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Semiconductor Automotive Manufacturing Aerospace Satellite Manufacturing Defense White House\/Federal Government Other Defense Contracts Software Hardware Electronic Design Automation Homeland Security Data Management Technology Public Policy\/Government Other Manufacturing Military Engineering<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Everspin Executes $40M Agreement for Mil-Aero MRAM Applications Everspin expands on-shore Toggle MRAM technology capabilities, adding support for U.S. government initiatives CHANDLER, Ariz.–(BUSINESS WIRE)– Everspin Technologies, Inc. (NASDAQ: MRAM), the world\u2019s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced an agreement with a U.S. prime contractor to provide state-of-the-art Toggle MRAM process technology capabilities and engineering services for United States Defense Industrial Base customers. \u201cThis work builds on Everspin\u2019s long history supporting U.S. DoW programs where performance, reliability, longevity and U.S. domestic production are critical,\u201d said Sanjeev Aggarwal, President and Chief Executive Officer of Everspin Technologies. \u201cEverspin\u2019s MRAM solutions are used in military and aerospace applications because they deliver consistent performance over time, … <\/p>\n

Continue reading “Everspin Executes $40M Agreement for Mil-Aero MRAM Applications”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-956647","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEverspin Executes $40M Agreement for Mil-Aero MRAM Applications - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everspin Executes $40M Agreement for Mil-Aero MRAM Applications - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Everspin Executes $40M Agreement for Mil-Aero MRAM Applications Everspin expands on-shore Toggle MRAM technology capabilities, adding support for U.S. government initiatives CHANDLER, Ariz.–(BUSINESS WIRE)– Everspin Technologies, Inc. (NASDAQ: MRAM), the world\u2019s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced an agreement with a U.S. prime contractor to provide state-of-the-art Toggle MRAM process technology capabilities and engineering services for United States Defense Industrial Base customers. \u201cThis work builds on Everspin\u2019s long history supporting U.S. DoW programs where performance, reliability, longevity and U.S. domestic production are critical,\u201d said Sanjeev Aggarwal, President and Chief Executive Officer of Everspin Technologies. \u201cEverspin\u2019s MRAM solutions are used in military and aerospace applications because they deliver consistent performance over time, … Continue reading "Everspin Executes $40M Agreement for Mil-Aero MRAM Applications"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-30T13:04:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260430725216r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Everspin Executes $40M Agreement for Mil-Aero MRAM Applications\",\"datePublished\":\"2026-04-30T13:04:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\\\/\"},\"wordCount\":550,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260430725216r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everspin-executes-40m-agreement-for-mil-aero-mram-applications\\\/\",\"name\":\"Everspin Executes $40M Agreement for Mil-Aero MRAM Applications - 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