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Albuquerque-based engineering firm Verus Research won a four-year, $15 million U.S. Army contract for the testing and evaluation of high-power microwave systems, the company announced Monday.
LinQuest Corp. subsidiary TMC Design Corp. will manage the Verus contract for the Army’s Program Executive Office for Simulation, Training and Instrumentation. The new contract builds on prior work Verus has done for the Army under a contract it won in 2014 to design effective methods to test and evaluate microwave and other “directed energy” weapons and systems.
Under the new contract, the company will further design and test specialized sensors to measure new and evolving microwave capabilities, as well as novel tools to assess damage that takes place during battle and better simulate high-power microwave scenarios.
“This order will allow our team to advance innovative testing capabilities to support the Defense Department’s test and evaluation community in keeping pace with rapidly evolving technologies to ensure that systems to be fielded are indeed effective tools on the battlefields of tomorrow,” Verus Chief Operating Officer Grady Patterson said in a statement.
The company – which works on lasers, microwave systems and nuclear engineering – has grown rapidly through defense contracts and work for other government agencies, such as NASA. It reached $16.6 million in revenue in 2019, up 519% from the $2.7 million it reported in 2014. That five-year growth earned it the top spot last year on the Journal’s Flying 40 list of fast-growing technology firms with more than $10 million in revenue.
As of September, Verus employed 98 people, up from 15 in 2014, and was projecting $25 million in revenue by year-end 2020.