Riverside Research wins more than $53M in defense, intelligence contracts in Q1

On April 7, Riverside Research announced over $53.9M in TCV contract wins in the first quarter (Q1) of 2022. The contracts make up new and follow-on work for the Department of Defense (DoD) and intelligence community customers and demonstrate Riverside Research’s position as an important national security partner for the federal government.

The Arlington, VA-based not-for-profit research institute reported that these research and development contracts will provide customers with key support in the areas of software engineering, systems engineering and commercial ISR. As an established leader in national security, defense, and intelligence, these new wins represent the continual growth of the company’s impact to the missions supported. Through Riverside Research’s R&D Open Innovation Concept, the organization continues development of innovative technology and solutions crucial to national security, the company said.

“These new research programs expand our capabilities with current customers and extend our reach to   support new missions,” said Dr. Jeff Druessel, vice president of business development.

“This expanded reach demands the right talent to support our customer’s most critical needs,” said Riverside Research Chief Operations Officer Alka Bhave. “We’re working diligently to pivot our company operations in order to provide the best support for our growing posture.”

Source: Riverside Research

Like IC News? Then please consider subscribing. You’ll get full access to our searchable library of 10,000+ articles, plus new articles each weekday.