Noveon Magnetics Inc.
San Marcos, TX
- UEI
- H14YHTRFDFP7
- CAGE
- 7K5U7
- Primary NAICS
- 332117 Powder Metallurgy Part Manufacturing
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Other NAICS codes in SAM.gov
-
- 325180 Other Basic Inorganic Chemical Manufacturing
- 327110 Pottery, Ceramics, and Plumbing Fixture Manufacturing
- 332999 All Other Miscellaneous Fabricated Metal Product Manufacturing
- 541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- SAM.gov registration date
- Physical address
- 1550 Clovis R Barker Rd, San Marcos, TX 78666, USA
- Website
- noveon.co
- Founded
- 2014
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Consumer Discretionary
- Automobiles & Components
- Automotive
- SIC code
- 37 Transportation Equipment
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $12,894,620 |
| FY2025 | $0 |
| FY2024 | $4,350,000 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Defense Logistics Agency | $12,894,620 |
Contract awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Ndfeb magnet block acquisition | Strategic Materials (DLA) | $12,894,620 | |
| Sbir phase III award to noveon to establish a plan for supporting manufacturing capability and demonstration focused on… | Troop Support (DLA) | $4,350,000 | |
| SP4701-22-c-0034 sbir II award urban mining | Troop Support (DLA) | $1,671,510 | |
| Services - basic | Troop Support (DLA) | $2,961,096 | |
| Services - manag | Troop Support (DLA) | $1,868,922 |
Latest 5 listed here. See the rest on GovTribe.
Grant awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Defense production act (DPA) title III, ndfeb sintered materials and/or ndfeb permanent magnets supply chain study… | Air Force Research Laboratory (AFMC) | $1,665,072 | |
| Covid-19 DPA3 production of ndfeb rare-earth magnets | Air Force | $38,804,809 |
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About the company
Noveon Magnetics Inc., a small business manufacturer of neodymium-iron-boron (NdFeB) sintered materials and permanent magnets based in San Marcos, Texas, operates exclusively as a prime contractor to the Department of Defense, supplying domestic-manufactured rare earth magnets for strategic defense supply chain applications. The company competes on a full-and-open basis, with no set-aside designations across its recent prime footprint, though individual orders carry small-business set-asides where applicable under SBIR programs. Noveon's recent federal work spans research, development, and production across NAICS 331521 (Miscellaneous Electrical and Electronic Components manufacturing) and related PSC codes in national defense research and development.
Noveon's customer base concentrates entirely within the Department of Defense ecosystem. The Defense Logistics Agency Strategic Materials organization anchors the relationship with two awards valued at $212.9 million in combined potential value, while the Defense Logistics Agency Troop Support has issued five awards totaling $11 million. The Army Materiel Command Communications Electronics Command, the Office of the Secretary of Defense, and DOD Washington Headquarters Services round out the customer set. Strategic Materials dominates the value landscape — a single delivery order awarded May 26, 2026, for NdFeB magnet blocks carries a $12.9 million ceiling running to September 30, 2030, with place of performance in Columbus, Ohio. A $200 million indefinite-delivery contract awarded May 18, 2026, establishes a five-year vehicle through May 17, 2031, for domestic production of NdFeB magnet blocks in four specified grades, with planned annual procurement volumes ranging from approximately 27,787 to 79,012 kilograms by grade. An $1.2 million multiple-award IDIQ from the Army Communications Electronics Command (July 1, 2026, through June 30, 2031) covers domestic NdFeB rare earth magnets for defense supply chain requirements.
Noveon's research and development portfolio includes Small Business Innovation Research awards: a $1.67 million SBIR Phase II contract from Troop Support (awarded April 5, 2022, completed October 4, 2023) for urban mining of rare earth materials, and a $4.35 million SBIR Phase III award from Troop Support (awarded January 31, 2024, ultimate completion August 31, 2025) targeting manufacturing capability, raw material delivery systems, and post-production optimization. Activity has accelerated recently, with three awards in 2026 following sporadic prior work in 2018, 2020, 2022, and 2024. Combined potential value across all ten awards reaches $225.1 million, with $64.3 million obligated as of the snapshot date, reflecting Noveon's designation as a source for domestic rare earth magnet production supporting U.S. defense industrial base resilience.
Quick answers
Is Noveon Magnetics Inc. registered in SAM.gov?
Yes. Noveon Magnetics Inc.'s SAM.gov registration is active through March 26, 2027.
How much has Noveon Magnetics Inc. received in federal contracts?
Federal contracts obligated $17,244,620 to Noveon Magnetics Inc. in fiscal years 2023 through 2027.
What is Noveon Magnetics Inc.'s most recent federal award?
Noveon Magnetics Inc.'s most recent federal contract award is Ndfeb magnet block acquisition (SP800026F0026), from Strategic Materials (DLA), on May 26, 2026.
On GovTribe
See Noveon Magnetics Inc.'s full federal record
- Federal contract awards
- IDV awards
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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