Faraday Technology, Inc.

Faraday Technology, Inc., a small business subsidiary of Physical Sciences Inc., operates as a prime contractor (96% of recent awards) delivering electrochemical engineering, advanced materials research, and specialized manufacturing for federal defense and civilian research agencies, predominantly through SBIR and STTR vehicles. Faraday competes exclusively under total small business set-asides and performs substantially all work as prime, with SCI-reportable invoicing representing minimal federal service-contract revenue; the overwhelming majority of Faraday's federal work is structured as research and development rather than labor-hour service contracts.

Faraday's capability portfolio centers on electrochemical systems, functionally graded coatings for hypersonic protection, additive manufacturing for aerospace components, advanced materials development, and materials science for space and defense applications. Representative prime work includes a $1.4 million Naval Air Warfare Center R&D contract (July 2026, cost-plus-fixed-fee through January 2030), a $2 million Office of Naval Research SBIR Phase II award (May 2026, cost-plus-fixed-fee through June 2030), a $1.51 million Missile Defense Agency STTR Phase II contract for functionally graded coatings on hypersonic leading edges (March 2025, through March 2027), a $1.25 million Air Force Research Laboratory STTR Phase II contract for on-demand additive manufacturing of astronomical mirrors (May 2024, through August 2026), a $1.8 million Air Force Research Laboratory SBIR Phase II award for remotely activated lithium reserve battery systems (June 2023, through December 2025), and a $799,996 NASA SBIR Phase II contract for low-earth-orbit manufacturing of 3D-printed covetic nanomaterials (May 2022, extending through May 2027). Recent work on plasma-driven solution electrochemistry for scalable reactor platforms (Army Materiel Command, April 2026, $249,996) and multilayered electrospun composite fibers for chemical, biological, and radiological protective suits (DARPA, December 2024, $149,999) demonstrates capability breadth across defense and civilian R&D priorities.

Customer concentration spans defense research and civilian energy innovation. The top five customer agencies by award count represent 52% of recent awards, led by NASA's Shared Services Center (26 awards, $7.1 million combined potential value), Department of Energy Office of Science (23 awards), Air Force Research Laboratory (19 awards, $9.4 million), Department of Energy broadly (14 awards), and Environmental Protection Agency (13 awards). By potential-value ranking, Air Force Research Laboratory anchors the portfolio at $9.4 million (19 awards), followed by NASA Shared Services Center at $7.1 million (26 awards), Office of Naval Research at $5 million (7 awards), Missile Defense Agency at $3.5 million (5 awards), and Army Materiel Command R&D at $3 million (5 awards). The divergence between count and value—NASA leads volume while Air Force Research Laboratory leads dollars—reflects Faraday's mix of smaller Phase I efforts and larger Phase II continuations. Across 33 distinct customer agencies, research and development work aligns with federal priorities in advanced materials, energy, space systems, and hypersonic defense technologies.

Activity has remained consistent year over year: 10 awards in 2022, 13 in 2023, 15 in 2024, declining to 4 in 2025 and 4 in 2026 (through late September) as recent Phase II contracts extend multi-year performance periods rather than triggering annual recompete. Twelve awards with combined potential value of $8.2 million reach ultimate completion within the next twenty-four months, representing recompete exposure for Faraday and opportunity for competitors. Faraday's recent subcontract footprint is minimal: the company partners with research institutions (University of Texas at San Antonio on NASA CO2 valorization work, University of Texas at El Paso on electrochemical polyethylene production, Saint Louis University on electrochemical machining dissolution waveform design) in technical collaboration roles rather than traditional prime-to-sub service relationships. On a single Air Force Research Laboratory Phase II award for in-field aircraft coating repair, Engineering and Software System Solutions, Inc. (ES3), a woman-owned small business, subcontracts specialized aerospace materials testing and corrosion-prevention support.

SCI-reported invoicing totaled $1.3 million across FY2022–FY2025 ($333 thousand in FY2022, $347 thousand in FY2023, $298 thousand in FY2024, $297 thousand in FY2025), with workforce scale ranging from 0.1 to 0.8 FTEs in reported fiscal years. These figures represent a strict subset of Faraday's federal services activity and underscore the company's emphasis on R&D contract structures rather than labor-hour service billing; the vast majority of federal work is priced as fixed-price or cost-plus-fixed-fee research deliverables. Across SCI-reportable prime contracts, Faraday self-performed all labor with zero subcontractor hours, reflecting the company's internal capability model for research delivery. Derived government-paid hourly rates on SCI work ranged from a 10th percentile of $239.27/hr to a median of $436.93/hr to a 90th percentile of $1,053.10/hr, with rate variation reflecting mix of early-stage Phase I work and later-phase development efforts.

Faraday Technology's federal presence is anchored to its parent company, Physical Sciences Inc., a Andover, Massachusetts-based research and development contractor with extensive experience across DARPA, Department of Defense, NASA, and Department of Energy. As a subsidiary, Faraday maintains small business designation while leveraging parent-company expertise in advanced materials, optical systems, and specialized instrumentation to execute federally funded research and development initiatives. The parent maintains multiple indefinite-delivery vehicles and established partnerships with major defense contractors, positioning Faraday as a capable innovator within the federal R&D ecosystem for materials science and electrochemical engineering challenges.