Top Treasury research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) contractors
In the 12 months ending Oct 5, 2026, the Department of the Treasury obligated $36.9M in net prime contract dollars under NAICS 541715, down 30.8% from $53.3M in the preceding 12 months. 12 prime contractors received positive obligations, and 6 of them accounted for 80% of that spend.
Prime contracts funded by the Department of the Treasury. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top Treasury contractors for NAICS 541715
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | Rolic Technologies AG | $9.7M | $10.6M | 24.9% | ▲ 1 |
| 2 | Authentix, Inc | $6.8M | $10.5M | 17.6% | ▲ 1 |
| 3 | STA Technologies Inc. | $5.1M | $1.1M | 13.0% | ▲ 6 |
| 4 | Papierfabrik Louisenthal Gesellschaft MIT beschränkter Haftung | $4.5M | $0 | 11.7% | New |
| 5 | Domestic Awardees (Undisclosed) | $4.5M | $4.3M | 11.6% | — |
| 6 | Sicpa Securink Corp | $3.8M | $4.0M | 9.8% | — |
| 7 | Foreign Awardees (Undisclosed) | $1.8M | $5.1M | 4.6% | ▼ 3 |
| 8 | Avineon, Inc. | $1.4M | $2.8M | 3.6% | ▼ 1 |
| 9 | Southwest Research Institute | $789K | $849K | 2.0% | ▲ 2 |
| 10 | Leonhard Kurz Stiftung & Co. KG | $389K | $0 | 1.0% | New |
| 11 | Clearview AI, Inc. | $63K | $0 | 0.2% | New |
| 12 | I. Miller Precision Optical Instruments, Inc. | $3K | $3K | 0.0% | ▲ 4 |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest gains
- Papierfabrik Louisenthal Gesellschaft MIT beschränkter Haftung$0 → $4.5M (+$4.5M) · now #4
- STA Technologies Inc.$1.1M → $5.1M (+$4.0M) · now #3
- Leonhard Kurz Stiftung & Co. KG$0 → $389K (+$389K) · now #10
Largest declines
- Goldbelt Professional Services, LLC$10.7M → −$1.8M (−$12.5M) · no latest-period obligations
- Authentix, Inc$10.5M → $6.8M (−$3.7M) · now #2
- Foreign Awardees (Undisclosed)$5.1M → $1.8M (−$3.3M) · now #7
New to this market
3 contractors received their first obligations in this market (since FY2022) during the latest 12 months. The largest:
| Contractor | First obligation | Latest 12 mo |
|---|---|---|
| Papierfabrik Louisenthal Gesellschaft MIT beschränkter Haftung | Sep 2, 2026 | $4.5M |
| Leonhard Kurz Stiftung & Co. KG | Sep 11, 2026 | $389K |
| Clearview AI, Inc. | Mar 16, 2026 | $63K |
Where the money comes from
Funding sub-agencies within the Department of the Treasury, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Bureau of Engraving and Printing | $37.3M | $38.8M | Down $1.5M (3.8%) |
Potential recompetes
Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.
| Award | Incumbent | Obligated | Current end |
|---|---|---|---|
| 2031ZA24C00157 | Solstice Advanced Materials US, Inc. FPLOE R&D SERVICES CONTRACT | $4.2M | Dec 15, 2026 |
| 2031ZA25F00504 | Sicpa Securink Corp THE GOAL OF THIS TASK ORDER IS TO ACQUIRE OVMI (OPTICALLY VARIABLE MAGNETIC INK) INKS AND OTHER CONSUMABLES NEEDED TO COMPLETE PRINT TRIALS PLANNED FOR PHASE 4 TECHNOLOGY… | $1.3M | Feb 21, 2027 |
| 2031ZA25F00512 | Rolic Technologies AG TASK ORDER 03 UNDER PROJECT BAZAAR V, FOR OVERT SECURITY FEATURES. | $4.1M | Feb 28, 2027 |
| 2031ZA26F00069 | Foreign Awardees (Undisclosed) CASINO II, TASK ORDER 16. | $1.8M | Mar 30, 2027 |
| 2031ZA26F00139 | Domestic Awardees (Undisclosed) LUXOR II TASK ORDER 13 IS TO DEVELOP TECHNOLOGY FOR A COVERT SECURITY FEATURE, WHICH IS BEING IMPLEMENTED IN THE CATALYST FAMILY OF BANKNOTES TO MEET US CURRENCY PROGRAM (USCP)… | $2.7M | Jun 4, 2027 |
| 2031ZA26F00117 | Rolic Technologies AG THIS TASK ORDER IS FOR OVERT SECURITY FEATURES ON US BANKNOTES. | $5.0M | Jun 23, 2027 |
| 2031ZA26F00242 | Rolic Technologies AG THIS REQUIREMENT IS FOR A NEW TASK ORDER UNDER PROJECT BAZZAR V. | $2.2M | Aug 18, 2027 |
| 2031ZA26F00449 | Papierfabrik Louisenthal Gesellschaft MIT beschränkter Haftung R&D TASK ORDER FOR OVERT SECURITY FEATURES | $2.2M | Sep 1, 2027 |
| 2031ZA26F00455 | Papierfabrik Louisenthal Gesellschaft MIT beschränkter Haftung TASK ORDER 02 FOR OVERT SECURITY FEATURES ON US CURRENCY | $2.4M | Sep 2, 2027 |
| 2031ZA26F00470 | Authentix, Inc TRUFFLES III TASK ORDER 08 FOR OVERT SECURITY FEATURES. | $6.8M | Sep 17, 2027 |
Common questions
Who are the top Treasury contractors for NAICS 541715?
In the latest 12 months, Rolic Technologies AG ($9.7M), Authentix, Inc ($6.8M), STA Technologies Inc. ($5.1M) received the most Treasury obligations for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology).
How concentrated is this market?
The eight largest primes held 96.8% of positive obligations, and Rolic Technologies AG alone held 24.9%. 3 contractors won their first obligations in this market during the latest 12 months.
Are any large Treasury NAICS 541715 contracts ending soon?
10 of the largest awards in this market reach their current end date in the next 18 months. The first is 2031ZA24C00157 (Solstice Advanced Materials US, Inc., $4.2M obligated), ending Dec 15, 2026. An end date is a research lead, not a confirmed recompete: options and extensions often move it.
Related markets
NAICS 541715 across all agencies
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$3.6BHHS · NAICS 541715
$1.8BDHS · NAICS 541715
$321.6MCommerce · NAICS 541715
$162.2MDOT · NAICS 541715
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$48.9MFigures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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