Mentioned:SRC, Inc.$500M · Contract Award
SRC won a $500 million ceiling IDIQ contract from Joint Interagency Task Force 401 for counter-UAS radars and support services. The initial delivery order totals $10.24 million for Gryphon R1440 and R1540 radar systems.
What's happening
- SRC received a three-year IDIQ contract with $500 million ceiling value for counter-UAS equipment and services from JIATF-401.
- Initial delivery order covers one Gryphon R1440 and two R1540 radars worth $10.24 million, including integration, installation, support and training.
- R1440 uses four-panel configuration for persistent surveillance; R1540 provides extended-range surveillance and fire-control capability.
- Both systems employ active electronically scanned array (AESA) technology and air-cooled designs.
Why it matters
- IDIQ contract establishes SRC as approved vendor for multi-agency counter-drone procurement over three-year period, enabling rapid delivery orders.
- Gryphon radars listed on JIATF-401's C-UAS Marketplace provide government standardized solution for counter-UAS operations across federal agencies.
- Counter-drone capability becomes critical as commercial and adversary UAS threats increase in homeland and operational environments.
Financial impact
- Initial $10.24 million delivery order recognized in SRC revenue upon delivery of radars and completion of integration and training services in calendar 2026.
- Remaining $489.76 million represents ceiling value; revenue recognition depends on future delivery orders issued within three-year contract term, timing not disclosed.
- IDIQ structure provides SRC recurring revenue stream and backlog visibility for planning production capacity and staffing through 2029.
The fine print
- Contract value is $500 million ceiling; actual revenue depends on delivery orders placed by JIATF-401 during three-year performance period.
- Initial order covers specific Gryphon models (R1410, R1430, R1440, R1540) listed on JIATF-401 C-UAS Marketplace; additional equipment must comply with marketplace terms.
Source: militaryembedded.com · Oct 7, 2026 · Drafted with Claude, reviewed by Industrial Base Alpha.