| Item No. | Contract Number | Contract Type | Contracting Agency / Customer | Prime Contractor (if subcontract) | Contract Description | ITAR / EAR Classification | Classification Level | Original Contract Value ($) | Cumulative Modifications ($) | Total Contract Value ($) | Amount Billed / Expended to Date ($) | Remaining Backlog ($) | Period of Performance — Start | Period of Performance — End | Novation Required (Yes/No) | Key VPI Personnel | Notes |
| 1 | W15QKN-20-C-0347 | Prime | U.S. Army PEO IEW&S | N/A | GaN HEMT power amplifier modules for AN/TPS-80 G/ATOR multi-mission radar system | ITAR Category XI(a)(3) | SECRET | 58000000 | 7300000 | 65300000 | 13000000 | 52300000 | 2020-09-15 | 2025-09-14 | Yes | Dr. Nathan Trevorrow (PI); Col. (Ret.) Bryce Hendrickson (Program Mgr) | Largest active contract; includes options for additional lot buys through 2025; performance on schedule |
| 2 | FA8650-21-C-1194 | Prime | U.S. Air Force Research Laboratory (AFRL) | N/A | Next-generation mmWave broadband power amplifiers for advanced EW and communications applications | ITAR Category XI(a)(3); EAR ECCN 3A001 | SECRET | 48500000 | 3200000 | 51700000 | 10000000 | 41700000 | 2021-03-01 | 2026-02-28 | Yes | Marissa Sung-Avila (Program Director); Dr. Nathan Trevorrow (Technical Lead) | Includes Phase II option exercised in 2022; involves classified test data |
| 3 | HQ0147-21-C-0082 | Prime | Missile Defense Agency (MDA) | N/A | GaN-based transmit/receive (T/R) modules for ground-based missile defense radar elements | ITAR Category XI(a)(3) | SECRET | 44200000 | 2700000 | 46900000 | 8000000 | 38900000 | 2021-06-01 | 2026-05-31 | Yes | Col. (Ret.) Bryce Hendrickson (Program Mgr); Dr. Nathan Trevorrow (PI) | Critical national security program; stringent OPSEC requirements |
| 4 | N00024-22-C-5218 (Sub to Ironclad Defense Systems Inc.) | Subcontract | U.S. Navy NAVSEA | Ironclad Defense Systems Inc. | GaN power amplifier assemblies for shipboard AN/SPY-series radar upgrade program | ITAR Category XI(a)(3) | SECRET | 40500000 | 1600000 | 42100000 | 8000000 | 34100000 | 2022-01-15 | 2026-12-31 | Yes | Marissa Sung-Avila (VPI Program Lead) | Subcontract to Ironclad Defense Systems Inc. (prime); novation requires Ironclad consent and NAVSEA approval |
| 5 | 70RSAT23C00004 | Prime | DHS Science & Technology Directorate (S&T) | N/A | High-frequency RF power amplifier components for border surveillance sensor systems | EAR ECCN 3A001 | Unclassified (FOUO) | 29000000 | 1500000 | 30500000 | 4500000 | 26000000 | 2023-02-01 | 2026-01-31 | No | Col. (Ret.) Bryce Hendrickson (Program Mgr) | Unclassified but For Official Use Only; novation may not be required per CO determination |
| 6 | W56HZV-19-C-0088 | Prime | U.S. Army CERDEC (now C5ISR Center) | N/A | GaN MMIC development for tactical communications radio platforms | ITAR Category XI(a)(3); EAR ECCN 3E001 | SECRET | 12400000 | 800000 | 13200000 | 11500000 | 1700000 | 2019-10-01 | 2024-09-30 | Yes | Dr. Nathan Trevorrow (PI) | Nearing completion; final deliverable milestone Q3 2024 |
| 7 | FA8721-22-C-0031 | Prime | U.S. Air Force (66th Air Base Group / Lincoln Laboratory liaison) | N/A | Prototype wideband GaN amplifier arrays for space-based radar research | ITAR Category XI(a)(3) | TS/SCI | 8700000 | 500000 | 9200000 | 5800000 | 3400000 | 2022-04-01 | 2025-03-31 | Yes | Dr. Nathan Trevorrow (PI); Col. (Ret.) Bryce Hendrickson (Security Lead) | Highest classification level among VPI contracts; access restricted to TS/SCI-cleared personnel only |
| 8 | W911QX-22-C-0015 | Prime | U.S. Army DEVCOM / Army Research Laboratory (ARL) | N/A | Advanced GaN-on-SiC epitaxial process development for next-gen power electronics | EAR ECCN 3E001 | Unclassified (CUI) | 6200000 | 300000 | 6500000 | 3900000 | 2600000 | 2022-07-01 | 2025-06-30 | Yes | Dr. Nathan Trevorrow (PI) | R&D contract; government retains rights to subject inventions per DFARS 252.227-7038 |
| 9 | N68335-20-C-0294 | Prime | U.S. Navy NAWCWD (Naval Air Warfare Center Weapons Division) | N/A | GaN power amplifier modules for airborne electronic warfare pods | ITAR Category XI(a)(3) | SECRET | 11800000 | 600000 | 12400000 | 9200000 | 3200000 | 2020-11-01 | 2024-10-31 | Yes | Marissa Sung-Avila (Program Director) | Final lot delivery scheduled Q3 2024 |
| 10 | HQ0034-23-C-0019 | Prime | Defense Advanced Research Projects Agency (DARPA) | N/A | Ultra-wideband GaN HEMT amplifier for advanced ISR applications | EAR ECCN 3A001; ITAR Category XI(a)(3) | SECRET | 5400000 | 0 | 5400000 | 1800000 | 3600000 | 2023-03-01 | 2025-08-31 | Yes | Dr. Nathan Trevorrow (PI) | Early-stage R&D; Phase I only |
| 11 | W15QKN-21-C-0512 | Subcontract | U.S. Army PEO Missiles & Space | Ironclad Defense Systems Inc. | GaN T/R module sub-assemblies for precision strike missile seeker | ITAR Category XI(a)(3) | SECRET | 7800000 | 400000 | 8200000 | 5600000 | 2600000 | 2021-09-01 | 2025-02-28 | Yes | Col. (Ret.) Bryce Hendrickson (Program Mgr) | Second subcontract under Ironclad Defense Systems Inc. as prime; novation requires Ironclad consent |
| 12 | FA9453-22-C-0076 | Prime | U.S. Space Force / Space Systems Command | N/A | GaN solid-state power amplifiers for satellite communications ground terminals | EAR ECCN 3A001 | Unclassified (CUI) | 4800000 | 200000 | 5000000 | 2700000 | 2300000 | 2022-10-01 | 2025-09-30 | No | Marissa Sung-Avila (Program Director) | Unclassified SATCOM program; potential follow-on contract under discussion |
| 13 | W56KGU-23-C-0003 | Prime | U.S. Army DEVCOM Ground Vehicle Systems Center | N/A | Compact GaN power amplifier for mobile electronic protection system | ITAR Category XI(a)(3) | SECRET | 3600000 | 0 | 3600000 | 1500000 | 2100000 | 2023-01-15 | 2025-07-14 | Yes | Dr. Nathan Trevorrow (PI) | Small-scale development contract; may lead to production contract |
| 14 | N00174-22-C-0041 | Prime | U.S. Navy Indian Head Division NSWC | N/A | GaN amplifier reliability testing and qualification for munitions RF subsystems | EAR ECCN 3A991 | Unclassified (CUI) | 2800000 | 100000 | 2900000 | 1600000 | 1300000 | 2022-05-01 | 2024-10-31 | No | Marissa Sung-Avila (Technical Lead) | Test and evaluation contract; low classification sensitivity |
| TOTAL | 283700000 | 19200000 | 302900000 | 87100000 | 215800000 | 11 Yes / 3 No | 14 contracts total: 12 prime, 2 subcontract; SECRET: 9, TS/SCI: 1, Unclassified: 4 |
| Category | Grouping | Number of Contracts | Total Contract Value ($) | Remaining Backlog ($) | Percentage of Total Backlog (%) |
| By Agency | U.S. Army (PEO IEW&S, CERDEC/C5ISR, ARL, DEVCOM GVSC, PEO M&S sub) | 5 | 96800000 | 61300000 | 31.8% |
| By Agency | U.S. Air Force (AFRL, 66th ABG/Lincoln Lab, Space Force) | 3 | 65900000 | 47400000 | 24.6% |
| By Agency | Missile Defense Agency (MDA) | 1 | 46900000 | 38900000 | 20.2% |
| By Agency | U.S. Navy (NAVSEA sub, NAWCWD, NSWC IHD) | 3 | 57400000 | 38600000 | 20.0% |
| By Agency | DHS S&T | 1 | 30500000 | 26000000 | 13.5% |
| By Agency | DARPA | 1 | 5400000 | 3600000 | 1.9% |
| By Agency | Subtotal — By Agency | 14 | 302900000 | 215800000 | 100.0% |
| By Classification | SECRET | 9 | 258800000 | 180200000 | 83.5% |
| By Classification | TS/SCI | 1 | 9200000 | 3400000 | 1.6% |
| By Classification | Unclassified (CUI/FOUO) | 4 | 44900000 | 32200000 | 14.9% |
| By Classification | Subtotal — By Classification | 14 | 302900000 | 215800000 | 100.0% |
| By Type | Prime Contract | 12 | 252600000 | 179100000 | 83.0% |
| By Type | Subcontract | 2 | 50300000 | 36700000 | 17.0% |
| By Type | Subtotal — By Type | 14 | 302900000 | 215800000 | 100.0% |
| GRAND TOTAL | All 14 Contracts | 14 | 302900000 | 215800000 | 100.0% |
| Field | Value |
| Exhibit Title | Exhibit F — Government Contracts Summary |
| Filed As Part Of | Joint Voluntary Notice under 31 C.F.R. § 800.501 |
| CFIUS Case No. | CFIUS-023-07-3841 |
| Filing Date | July 14, 2023 |
| Target Company | Marlowe Asset Management Photonics Inc. |
| Target EIN | 26-4371885 |
| Target CAGE Code | 7VK92 |
| Target DDTC Registration No. | M-24817 |
| Target DUNS Number | 07-812-4493 |
| Target HQ Address | 7400 Ridgeline Parkway, Colorado Springs, CO 80919 |
| Target Fab / Cleared Facility | 9200 Innovation Boulevard, Albuquerque, NM 87113 |
| Facility Security Clearance Level | SECRET |
| Facility Security Officer | Col. (Ret.) Bryce Hendrickson, TS/SCI |
| Total Active Government Contracts | 14 (12 prime, 2 subcontract) |
| Aggregate Remaining Backlog | $215,800,000 |
| Total Cleared Employees | 212 of 486 (43.6%) |
| Acquiror | Halcyon Semiconductor Aktiengesellschaft (HSAG) |
| Acquisition Vehicle | Halcyon US Holdings Inc. (Delaware) |
| Purchase Price | $1,420,000,000 |
| Buyer's Counsel (Preparer) | Calderwood & Harkness LLP — Peggy Ashworth / David Caruso |
| Seller's Counsel (Contributor) | Wethersfield & Gale LLP — Harrison Whitfield / Tobias Kwan |
| VPI Certifying Officer | Dr. Nathan Trevorrow, CEO |
| Note 1 | Contract numbers are actual U.S. government contract identifiers. All information sourced from VPI's internal contract management system and verified by VPI's VP, Government Programs. |
| Note 2 | Remaining Backlog figures are as of June 30, 2023 and reflect funded and unfunded obligated amounts. |
| Note 3 | Novation Required column indicates contracts identified as requiring formal novation under FAR 42.12 due to change of ownership; 11 of 14 contracts require novation. Contracts not requiring novation are unclassified contracts where the contracting officer has indicated a change-of-name agreement may suffice. |
| Note 4 | ITAR/EAR classifications reflect VPI's current commodity jurisdiction determinations. Products include ITAR Category XI(a)(3) defense articles and EAR ECCNs 3A001, 3A991, and 3E001 dual-use items. |
| Note 5 | VPI holds 3 active DSP-5 export licenses for deliveries to NATO allies (United Kingdom and Australia). These licenses are not reflected in this contract summary as they pertain to foreign military sales, not U.S. government contracts. |
| Note 6 | Subcontracts (Items 4 and 11) are performed under Ironclad Defense Systems Inc. as prime contractor. Novation of these subcontracts requires consent of Ironclad Defense Systems Inc. and approval of the relevant government contracting officer. |
| Note 7 | 23 of VPI's 47 U.S. patents were developed under government-funded contracts listed herein and are subject to government license rights and march-in authority under 35 U.S.C. § 203 and DFARS 252.227-7038. |