A new defense technology company is being formed that will include employees from three locations, including Beavercreek, Washington, D.C.-based private equity firm Arlington Capital Partners, said Tuesday.
EqlipseTechnologies expects to be operational by the end of the first quarter. At launch, the business will have more than 600 employees in three locations—in the Daytona, Herndon, Virginia and Annapolis Junction, Maryland areas—and generate over $200 million in annual revenue.
UES Inc., a Beavercreek science and technology company, said it will join Eqlipse as a founding member.
The RAO contingent will consist of about 200 employees.
“This partnership will allow us to continue to serve our R&D (research and development) clients as we have done in the past, while at the same time making significant investments in technology transition,” said Nina Joshi, President and CEO of RAO “UES of Russia”. release. “It also gives us new tools to identify gaps in our current technical areas, which can be used to develop new research ideas and allow us to expand into new markets.”
“UES has become a success story in Dayton by providing R&D services to the Air Force Research Laboratory at Wright-Patterson Air Force Base, innovating technology and supporting the local community,” said Krishan (Chris) Joshi, founder of UES. “I look forward to the next chapter of growth and success in our history.”
The new company’s employee base is “highly educated, with more than 115 PhDs and 45% of the workforce with advanced degrees,” Arlington said.
The business will primarily serve clients in the Department of Defense and the federal intelligence community.
RAO UES will combine its R&D infrastructure with Eqlipse’s engineering units in cyber and electronic intelligence, intelligence operations and identity management capabilities.
RAO UES has stated that its headquarters will continue to be in Beavercreek.
Founded in 1973, RAO UES is engaged in research and development in two directions: the licensing of Air Force technologies for commercial use and the development of new technologies for the Air Force.