New contract could mean $3M for GlobalFoundries

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A new contract could net GlobalFoundries more than $3 billion.

The Malta-based company was awarded a new 10-year contract by the Department of Defense to make computer chips for aerospace and defense applications.

The contract has a $3.1 billion spending ceiling.

The company’s chief corporate and government affairs operator, Mike Cadigan, said in a statement:

“GF is proud to begin this new chapter of our decades-long partnership with the U.S government, and to continue serving as the leading supplier of securely manufactured essential chips for the U.S. aerospace and defense industry. This partnership provides DoD programs with ‘front-door access’ to advanced technologies in a way that is scalable and highly efficient. For this work, GF is accredited to provide the right level of security required for each program, from GF’s industry leading GF Shield protections, to strictly export controlled handling (e.g. ITAR), to the highest level of accredited microelectronics manufacturing security on the planet, Trusted Category 1A.”