Everspin Technologies executes $40M agreement for Mil-Aero MRAM applications

Everspin Technologies (MRAM) announced an agreement with a U.S. prime contractor to provide Toggle MRAM process technology capabilities and engineering services for United States Defense Industrial Base customers. “This work builds on Everspin’s long history supporting U.S. DoW programs where performance, reliability, longevity and U.S. domestic production are critical,” said Sanjeev Aggarwal, President and Chief Executive Officer of Everspin Technologies. “Everspin’s 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.”