United States: Since 2014 TASC has a contract for research and development on the Solid Rocket Motor Modernisation Study of the Minuteman III system.
TASC, based in the United States, provides information and security services, intelligence and information management services.1 Operating as a subsidiary of Northrop Grumman until 2009, it was acquired by an investor group led by General Atlantic for US$ 1.65 billion (€ 1.1 billion).2 TASC claims to generate more than US$ 1.5 billion (€ 1.2 billion) in annual revenue.3
In January 2014, TASC was awarded a US$ 6.9 million (€ 5 million) contract for research and development on the Solid Rocket Motor Modernization Study of the Minuteman III system. Under the contract running until July 2015, TASC will conduct a study to develop and investigate propulsion options and impacts for replacement or modernisation of the Minuteman III fielded force.4
The following financial institutions have made approximately 684 million USD available to TASC since January 2011.
- Deutsche Bank
- Kohlberg Kravis Roberts & Co
- Mizuho Financial
- Royal Bank of Canada
TASC, “About us”, Website TASC (www.tasc.com/about-us/), viewed May 2014. ↩
General Atlantic, “Portfolio”, Website General Atlantic (www.generalatlantic.com/portfolio/tasc-logo/), viewed May 2014. ↩
TASC, “TASC Announces Senior Leadership Change”, News Release TASC, 13 November 2013 (www.tasc.com/media-center/news-releases/2013-archive/News-Release-TASC-Announces-Senior-Leadership-Change.pdf). ↩
US Department of Defense, “Daily Contract List”, US Department of Defense, 30 January 2014 (insidedefense.com/201401302459741/Defense-Plus/Text-Document/dods-1302014-daily-contracts-list/menu-id-77.html). ↩