Wave Engine Corp. Awarded Position on USAF’s Eglin Wide Agile Acquisition Contract (EWAAC)

July 6, 2022

North American Wave Engine Corporation, a leading innovator in the development of next gen high performance propulsion systems and aerial vehicles, has been awarded an Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract with a 10-year period of performance including options.

This IDIQ contract is under the $46 billion ceiling Eglin Wide Agile Acquisition Contract (EWAAC), a novel contracting method that emphasizes agility and flexibility for rapid delivery of capabilities. With this award, Wave Engine Corp. joins a select group of contractors that are eligible to deliver technologies and capabilities using this innovative and agile $46 billion ceiling contracting mechanism over the next 10 years.

“Wave Engine Corp. looks forward to creating the technologies of tomorrow with the support and technical prowess of the USAF,” said Daanish Maqbool, CEO of Wave Engine Corporation. “With EWAAC, it is exciting to see the emphasis and innovation on the contracting process which plays a key role in determining the overall speed of technology development and deployment.”