Our Mission is to deliver innovative, advanced defense solutions and products that help keep America and our allies safe and strong through RD, services, and manufacturing - investing all our earnings into technology, employees, and communities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$10.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.8M a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10.1M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $210.0M in investments, Pt X · Ln 11–13
Fine: 0.6 months of spending in cash, plus $210.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $840K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$87.0M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 11 voting members
Looks good: 8 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$323.3M
Spent
$321.0M
To programs
88%
Net assets
$295.9M
By yearFY2020–FY2025
Revenue
$323.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$323.3M
FY2021$311.4M
FY2022$287.8M
FY2023$311.5M
FY2024$326.5M
FY2025$342.5M
Expenses
$321.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$321.0M
FY2021$310.3M
FY2022$296.7M
FY2023$288.4M
FY2024$329.1M
FY2025$346.7M
Net assets
$295.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$295.9M
FY2021$297.1M
FY2022$251.9M
FY2023$287.0M
FY2024$299.8M
FY2025$301.8M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $283.1M Management & general 12% · $37.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

34 people listed on the 990; $10.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Former President CEO
$1,305,453Pt VII · Sec A
President CEO
$866,763Pt VII · Sec A
Chief Operating Officer
$677,008Pt VII · Sec A
Executive VP Finance, Chief Financial Officer
$673,386Pt VII · Sec A
EVP Enterprise Svcs Solutions
$611,446Pt VII · Sec A
Former SR VP Radars Sensors
$494,414Pt VII · Sec A
Former VP International Business
$409,759Pt VII · Sec A
Executive Vice President, General Counsel
$400,870Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Hair$2,947,331$2,643,795$2,366,729$1,281,784$1,176,352$866,763
Paul G Tremont————$689,809$1,305,453
Joseph T Lauko$1,237,828$1,171,458$1,068,526$712,665$747,094$677,008
James F Holland$871,758$1,028,273$1,173,979$595,086$659,377$611,446
Philip Fazio—$327,282$948,270$723,841$767,082$673,386
Mary L Snyder$920,198$810,233$745,835$520,610$566,011$400,870
Andrea V Masten—$707,001$550,667$400,597$424,833$369,314
Gregory Polhamus——$632,069———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops innovative scientific and technological solutions for government and other markets.

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Provided by the organization

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1 program · $283.1M · in their own filed words · FY2019
01

Expenses arising in connection with Scientific Research and Development services provided mainly to the Federal Government in the area of Defense, Environment, and Intelligence.

$283.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$840K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$323.3M
Ln 12
Fees for servicesLn 2g$310.8M
Investment incomeLn 3$9.5M
Other incomeLn 4–11$2.9M
Money outPt IX
$321.0M
Ln 25
Programscol B$283.1M
Managementcol C$37.9M
Owns and owesPt X
$295.9M
net assets · Ln 32
Cash and savingsLn 1–2$16.0M
Total assetsLn 16$383.0M
LiabilitiesLn 26$87.0M
PeoplePt VI, VII
34
listed · VII A
PaidVII A32
Voting boardVI 1a11
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$310.8M
Investment incomeLn 3$9.5M
Other incomeLn 4–11$2.9M
Total revenueLn 12$323.3M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$16.0M
Cash and savings togetherLn 1–2$16.0M
InvestmentsLn 11–13$210.0M
Land, buildings, equipmentLn 10c$60.7M
Other assetsLn 15$10.5M
Total assetsLn 16$383.0M
LiabilitiesLn 26$87.0M
Net assetsLn 32$295.9M
OperationsPt I, VI
EmployeesI 51,314
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$25.4M$16.0M
InvestmentsLn 11–13$211.8M$210.0M
Land, buildings, equipmentLn 10c$49.6M$60.7M
Total assetsLn 16$358.4M$383.0M
LiabilitiesLn 26$65.3M$87.0M
Net assetsLn 32$293.1M$295.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$9.2M$9.2M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$111.1M$99.0M$12.1M
Pension plan contributionsLn 8$13.4M$10.7M$2.7M
Other employee benefitsLn 9$31.3M$27.8M$3.5M
Payroll taxesLn 10$10.2M$8.2M$2.0M
Management feesLn 11a$0
Legal feesLn 11b$236K$97K$139K
Accounting feesLn 11c$348K$348K
Lobbying feesLn 11d$161K$161K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$4.0M$1.4M$2.6M
Advertising and promotionLn 12$851K$536K$316K
Office expensesLn 13$1.9M$1.7M$246K
Information technologyLn 14$3.4M$3.0M$372K
RoyaltiesLn 15$0
OccupancyLn 16$5.0M$4.5M$553K
TravelLn 17$2.8M$2.6M$281K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1.0M$632K$371K
InterestLn 20$109K$109K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6.3M$5.5M$792K
InsuranceLn 23$602K$452K$150K
Other expenses (24a–d)Ln 24$116.8M$115.9M$904K
All other expensesLn 24e$2.2M$1.2M$1.0M
Total functional expensesLn 25$321.0M$283.1M$37.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $342.5M$346.7M−$4.3M$301.8M 990 PDF
FY2024 $326.5M$329.1M−$2.6M$299.8M 990 PDF
FY2023 $311.5M$288.4M$23.1M$287.0M 990 PDF
FY2022 $287.8M$296.7M−$8.9M$251.9M 990 PDF
FY2021 $311.4M$310.3M$1.2M$297.1M 990 PDF
FY2020 Viewing $323.3M$321.0M$2.3M$295.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $323,256,106 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $280,432,995$310,771,037
I-10 Investment incomePrior year $4,352,441$9,549,249
I-11 Other revenuePrior year −$4,861,910$2,935,820
I-12 Total revenuePrior year $279,923,526$323,256,106
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $162,790,634$175,228,532
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $132,972,984$145,761,129
I-18 Total expensesPrior year $295,763,618$320,989,661
I-19 Revenue less expensesPrior year −$15,840,092$2,266,445
Part VI · Governance 8 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $323,256,106 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $241,000,299 · Unrelated business $69,770,738$310,771,037
VIII-3 Investment incomeExcluded from tax $9,549,249$9,549,249
VIII-5 RoyaltiesExcluded from tax $2,910,692$2,910,692
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,200 · Unrelated business $17,928$25,128
VIII-12 Total revenueRelated to mission $241,007,499 · Unrelated business $69,788,666 · Excluded from tax $12,459,941$323,256,106
Part IX · Statement of functional expenses $320,989,661 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $9,215,944$9,215,944
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $98,968,338 · Management $12,115,826$111,084,164
IX-8 Pension plan contributionsPrograms $10,744,894 · Management $2,686,224$13,431,118
IX-9 Other employee benefitsPrograms $27,783,429 · Management $3,502,566$31,285,995
IX-10 Payroll taxesPrograms $8,169,049 · Management $2,042,262$10,211,311
IX-11a Management fees$0
IX-11b Legal feesPrograms $97,055 · Management $139,040$236,095
IX-11c Accounting feesManagement $347,611$347,611
IX-11d Lobbying feesManagement $161,023$161,023
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,398,000 · Management $2,569,708$3,967,708
IX-12 Advertising and promotionPrograms $535,620 · Management $315,686$851,306
IX-13 Office expensesPrograms $1,696,432 · Management $245,951$1,942,383
IX-14 Information technologyPrograms $3,004,346 · Management $371,741$3,376,087
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,467,627 · Management $552,799$5,020,426
IX-17 TravelPrograms $2,565,856 · Management $281,161$2,847,017
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $632,180 · Management $371,291$1,003,471
IX-20 InterestManagement $108,826$108,826
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $5,488,068 · Management $791,920$6,279,988
IX-23 InsurancePrograms $452,444 · Management $149,643$602,087
IX-24 Other expenses (24a–d)Programs $115,898,898 · Management $904,353$116,803,251
IX-24e All other expensesPrograms $1,187,783 · Management $1,026,067$2,213,850
IX-25 Total functional expensesPrograms $283,090,019 · Management $37,899,642 · Fundraising $0$320,989,661
Part X · Balance sheet $382,982,230 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,800$4,769
X-2 Savings and temporary cash investmentsStart of year $25,402,204$15,995,339
X-4 Accounts receivableStart of year $60,204,066$77,635,904
X-8 Inventories for sale or useStart of year $707,289$2,341,520
X-9 Prepaid expenses and deferred chargesStart of year $3,903,144$5,802,239
X-10c Land, buildings and equipment, netStart of year $49,621,903$60,697,930
X-11 Publicly traded securitiesStart of year $180,624,594$176,574,188
X-13 Program-related investmentsStart of year $31,146,300$33,406,692
X-15 Other assetsStart of year $6,799,398$10,523,649
X-16 Total assetsStart of year $358,411,698$382,982,230
X-17 Accounts payable and accrued expensesStart of year $27,516,598$41,721,034
X-20 Tax-exempt bond liabilitiesStart of year $11,721,000$10,564,500
X-25 Other liabilitiesStart of year $26,040,813$34,755,081
X-26 Total liabilitiesStart of year $65,278,411$87,040,615
X-27 Net assets without donor restrictionsStart of year $293,133,287$295,941,615
X-32 Total net assets or fund balancesStart of year $293,133,287$295,941,615
X-33 Total liabilities and net assetsStart of year $358,411,698$382,982,230
Part XI · Reconciliation of net assets $295,941,615 net assets at year end
XI-1 Total revenue$323,256,106
XI-2 Total expenses$320,989,661
XI-3 Revenue less expenses$2,266,445
XI-4 Net assets at start of year$293,133,287
XI-9 Other changes in net assets$541,883
XI-10 Net assets at end of year$295,941,615

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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