Definitive Contract N6833525C0473

The Naval Sea Systems Command (NAVSEA) awarded a $1.40M cost-plus-fixed-fee definitive contract to Banc 3, Inc., a Princeton, New Jersey-based small business, for research and development services with an ultimate completion date of January 30, 2029. This contract is designated as a Total Small Business set-aside, reflecting the government's commitment to fostering innovation through small business participation. Banc 3, Inc. is a minority-owned, woman-owned, and self-certified small disadvantaged business that has established itself as a preferred contractor for specialized defense-related innovation projects across multiple Department of Defense agencies since its federal registration in 2003.

Banc 3, Inc. brings substantial expertise in advanced technological solutions for military applications, including augmented and mixed reality systems, helmet-mounted display technologies, gesture recognition platforms, advanced sensor systems for RF sensing and threat detection, computer vision solutions, and machine intelligence development. The company's track record includes approximately $11.4M in prior federal contract awards from agencies including DARPA, the Department of the Army, Air Force Research Laboratory, and Office of Naval Research, demonstrating technical capabilities relevant to Naval Sea Systems Command modernization initiatives. Work under this contract will be performed at the company's Princeton facility.