C Speed, a product development and engineering services company, was acquired by NewSpring and added to the private equity firm’s portfolio of businesses that provide government customers with mission support products and services.
The firm said C Speed brings to the NewSpring Holdings Federal Platform three decades of experience in offering air, land and maritime surveillance technologies and security services, and continues the group’s efforts to expand footprint in the government services sector.
“More than ever, we see the crucial role of an innovative partner that delivers integrated, modular sensing capabilities at a competitive price point,” remarked NewSpring General Partner Lee Garber. “Our partnership with C Speed aligns with NewSpring’s vision to support growth and innovation within the national security and defense sector.”
About C Speed
C Speed supplies advanced radar systems and engineering offerings for civilian and military applications. The company designs, prototypes and manufactures radar systems, with a focus on radar receivers, exciters and signal processors. Some of its customers are the U.S. Air Force, Army, Navy, Department of Homeland Security and NATO.
C Speed’s Subcontract With QinetiQ US for Border Security Work
In February, C Speed secured a subcontract from QinetiQ US and was added to the latter’s team ACES, responsible for providing operations and sustainment efforts on the Tethered Aerostat Radar System program.
The TARS program is aimed at supporting U.S. Customs and Border Protection in its national security missions. Work is under a potential five-year, $170 million TARS Operations & Maintenance III contract.
Keen on learning more about the U.S. homeland security strategies and priorities? Register now for the Potomac Officers Club’s 2024 Homeland Security Summit and hear insights from government and industry leaders speaking at the Nov. 13 event.
