Iris Technology Corporation

Iris Technology Corporation, doing business as Iris Technology Corp, a small disadvantaged business manufacturer based in Irvine, California, designs and manufactures tactical power systems, uninterruptible power supplies, power supply adapters, and advanced electronics for defense and space applications, operating as a prime contractor on 98% of its federal awards—predominantly under total small business set-aside vehicles and sole-source procurements.

The company is a for-profit Subchapter S corporation that has been registered in SAM.gov since October 2001. Iris Technology's federal footprint spans 323 awards across 33 distinct customer agencies, with combined potential value of $163 million and $96.1 million in obligations. Recent activity shows volatility: three awards in 2022, four in 2023, thirteen in 2024, seven in 2025, and four in 2026 year-to-date. The recompete cliff is minimal—only one award (valued at $416) completes within the next twenty-four months, substantially reducing near-term recompete exposure.

Customer concentration is severe and defense-centric. The United States Marine Corps accounts for 63 awards and $99.1 million in combined potential value—61% of total dollars across the portfolio and 19% of award count. The Naval Air Warfare Center (Naval Air Systems Command) follows with 23 awards and $16.5 million, the Defense Logistics Agency Land and Maritime (DLA L&M) with 58 awards and $7.9 million, DLA Aviation with 56 awards and $2.2 million, and the Department of the Air Force Materiel Command Research Laboratory with 11 awards and $6.5 million. These five customers account for 69% of awards by count and 81% of potential value. The Marine Corps concentration dominates both rankings—awards are numerous but dollar-weighted heavily toward that single customer.

Iris Technology holds two primary indefinite delivery contracts. The most recent, awarded by the Naval Air Warfare Center on April 14, 2026, carries a ceiling of $13.1 million and runs through April 2031, covering uninterruptible power supplies and cables under sole-source authority citing unique form, fit, function, and performance requirements—a $416 delivery order was placed the same day. The second, a total small business set-aside IDV awarded by DLA Land and Maritime on February 16, 2024, carries a $4.99 million ceiling through February 2029 and is dedicated to power supply adapters; eight delivery orders have been placed under it since award, ranging from $21.7 thousand to $122.9 thousand. Additional parent vehicles include Buildings and Building Materials (61 task orders, $2.7 million), and multiple DLA-issued indefinite delivery contracts for electrical components and distribution equipment.

Concrete representative work includes a $1.73 million Air Force Research Laboratory SBIR Phase II contract (total small business set-aside, awarded May 2023, completed August 2024) for a Cislunar Space Domain Awareness Sensor; a $651.8 thousand Naval Air Warfare Center definitive contract for power supplies (firm fixed price, awarded September 2024); a $188.1 thousand Naval Air Systems Command purchase order for a Merlin-2 HP Plus Kit (sole source, total small business set-aside, awarded July 2023); and recurring power supply adapter delivery orders under the DLA L&M IDV at $21.7 thousand to $122.9 thousand each (no set-aside invoked on delivery orders despite parent vehicle designation).

Category concentration reflects the core capability portfolio. Power, Distribution, and Specialty Transformer Manufacturing leads with 104 awards; All Other Miscellaneous Electrical Equipment and Component Manufacturing accounts for 64 awards; and Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing comprises 26 awards. PSC codes show Converters, Electrical, Nonrotating at 157 awards, Miscellaneous Electric Power and Distribution Equipment at 49 awards, and Miscellaneous Communication Equipment at 26 awards.

In its subcontractor role, Iris Technology supplies power management components and radio systems to Atlantic Diving Supply as prime (six sub-awards from May through December 2024 for Merlin handhelds, TSM Shadow radios with displays, and Army Compact Team Radio Sets) and provides research support labor and materials to BAE Systems Space & Mission Systems on a REACH (Research for Enhancing Airman Cognitive Health) subcontract. Subcontract work represents 2% of the award portfolio by count.

Iris Technology's set-aside posture is characteristic small business: the vast majority of named awards invoke either total small business set-aside or sole-source procurement authority, with full-and-open procurements representing a smaller share. The company competes in a specialized niche—defense power infrastructure—where sole-source awards and set-asides are common, and customer stickiness (especially with the Marine Corps and Naval centers) is high.