Skywater Technology Foundry Inc.

Skywater Technology Foundry Inc., operating as Oxbow Partners, LLC (parent company), is a U.S.-based semiconductor manufacturer and radiation-hardened electronics foundry that serves the Department of Defense, the Department of the Army, and the Department of the Navy as a prime contractor (26% of recent awards) and as a subcontractor to major defense primes (74% of recent awards). The vendor operates from Bloomington, Minnesota, with a subsidiary, Skywater Federal LLC, and competes in full-and-open markets without set-aside designations across its prime footprint.

Skywater's core capability is specialized wafer fabrication for defense applications, with particular depth in radiation-hardened integrated circuits, multi-project wafer dies, imaging focal planes, and advanced process development supporting strategic and space-based programs. Representative prime work includes a $99.999 million Other Transaction Agreement from the Army's Research, Development and Engineering Command (RDECOM) awarded in September 2022 for radiation-hardened electronics follow-on development and delivery with an ultimate completion date of September 6, 2026; a $5 million Other Transaction Indefinite Delivery vehicle from Army Contracting Command Aberdeen Proving Ground awarded in June 2025 for bolometer manufacturing and process improvement; and a $26,955 purchase order from the National Institute of Standards and Technology in July 2026 for an additional set of 12 CMOS wafers. In the subcontractor role, Skywater supplies fabricated wafers and integrated circuits to DRS Network & Imaging Systems LLC across multiple task orders for weapon sight focal plane arrays and missile spare components; to Lockheed Martin Corporation for F-22 infrared array ROICs; to Raytheon Company for SIP IV hardware; to Teledyne Scientific & Imaging for microelectronics manufacturing support; to The Johns Hopkins University Applied Physics Laboratory for dynamic metasurface imager materials; and to BAE Systems for neuromorphic camera development under DARPA sponsorship.

Customer concentration sits heavily with the Department of the Army across both award-count and potential-value rankings. The Army's RDECOM and subordinate commands account for the overwhelming majority of dollars — $331.5 million of the vendor's $336.6 million combined potential value across five prime awards, leaving minimal direct exposure to the Navy ($45 thousand), the Air Force, or civilian agencies. The top five customer nodes (two Army PEO offices, RDECOM, the Air Force Materiel Command, and the Defense Advanced Research Projects Agency) account for 63% of award count, though RDECOM's two awards anchor nearly all potential value. Skywater places task orders under five named parent vehicles, with the highest concentration in the SPRRA220D0012 Indefinite Delivery Contract (3 task orders) and the Family of Weapon Sight - Individual - Full Rate Production program (3 task orders); the remaining vehicles carry single task orders each.

Recompete exposure is material: two awards with combined potential value of $100 million reach ultimate completion within the next twenty-four months, centered on the September 2026 close of the RDECOM radiation-hardened electronics contract. Activity has accelerated in recent years — one award in 2019, then eight in 2024 and six in 2025 — though the 2026 year-to-date count (three awards) remains early in the calendar. The vendor has obligated $248.9 million of its $336.6 million potential value, indicating solid execution velocity. Primary NAICS categories spanning the award footprint include Research and Development in Physical, Engineering, and Life Sciences (4 awards), Optical Instrument and Lens Manufacturing (3 awards), Bare Printed Circuit Board Manufacturing (2 awards), and Semiconductor and Related Device Manufacturing (2 awards), reflecting the breadth of specialized foundry services Skywater delivers to defense and national security programs.