CoAspire Company Profile

Background

Founded in 2013 and headquartered in Fairfax, Virginia, CoAspire is a prominent aerospace and defense contractor serving the U.S. government. The company specializes in developing innovative missile systems, providing professional services, and offering consulting in IT and cybersecurity. CoAspire's mission is to deliver adaptable and cost-effective defense solutions, underscoring its significance in the defense industry.

Key Strategic Focus

CoAspire's strategic objectives center on the development of advanced missile technologies, notably the Rapidly Adaptable Affordable Cruise Missile (RAACM). The company leverages additive manufacturing to produce modular and scalable missile systems compatible with various platforms, including air, land, and sea. Additionally, CoAspire offers mission planning, IT and cybersecurity services, and government relations consulting, targeting the defense sector's evolving needs.

Financials and Funding

As of 2025, CoAspire's estimated annual revenue is $2.2 million, with a workforce exceeding 20 employees. The company has secured multiple federal contracts, including a $13.2 million obligation under the Extended Range Attack Munition (ERAM) Prototype contract with the U.S. Air Force, which has a ceiling value of $43.6 million. These funds are allocated towards research, development, and production of advanced missile systems.

Pipeline Development

CoAspire's flagship project is the RAACM, a 3D-printed cruise missile designed for rapid adaptability and affordability. The RAACM has undergone successful flight tests as of March 2025, demonstrating its operational viability. The missile's modular design allows for payload swaps and upgrades, enhancing mission adaptability. Future developments include scaling the RAACM for deployment across various platforms, with anticipated milestones in the coming years.

Technological Platform and Innovation

CoAspire distinguishes itself through the integration of additive manufacturing in missile production, enabling rapid prototyping and cost-effective manufacturing. The RAACM's design incorporates a winged airframe, turbojet engine, and advanced guidance systems, ensuring precision targeting. The company's collaboration with Divergent Technologies has been pivotal in achieving accelerated development timelines, showcasing a commitment to innovation in defense technology.

Leadership Team

Doug Denneny, Founder and CEO: A former naval flight officer with extensive experience in aerospace and defense, including roles at The Boeing Company and MBDA Inc. Denneny holds degrees from the U.S. Naval Academy, Georgetown University, and the University of Virginia's Darden School of Business.

RADM Greg Harris, USN (Ret.), Senior Vice President: Joined CoAspire in 2022 after a 34-year naval career, culminating as Director of Air Warfare (OPNAV N98). Harris brings extensive leadership experience in naval aviation and defense systems.

Matthew Fisher, Vice President of Engineering: With nearly 30 years in software engineering and system architecture, Fisher has held leadership roles at General Dynamics Mission Systems and Progeny Systems. He holds degrees from Penn State and George Mason University.

Leadership Changes

In 2022, Rear Admiral Greg Harris, USN (Ret.), joined CoAspire as Senior Vice President, bringing extensive experience from his tenure as Director of Air Warfare (OPNAV N98). In 2024, Matthew Fisher was appointed Vice President of Engineering, enhancing the company's technical leadership.

Competitor Profile

Market Insights and Dynamics

The aerospace and defense industry is experiencing growth driven by increased defense spending and technological advancements. The market for cruise missiles, in particular, is expanding due to the demand for precision-guided munitions and adaptable weapon systems.

Competitor Analysis

CoAspire's primary competitors include established defense contractors such as Raytheon Technologies and Lockheed Martin, which offer a range of missile systems and defense solutions. These companies have significant resources and established relationships within the defense sector, presenting a competitive landscape for CoAspire's innovative offerings.

Strategic Collaborations and Partnerships

CoAspire's partnership with Divergent Technologies has been instrumental in the rapid development and testing of the RAACM, leveraging advanced manufacturing techniques to expedite production timelines. Additionally, CoAspire has secured a General Services Administration (GSA) Professional Services Schedule, enabling the company to bid on a broader range of federal opportunities as a prime contractor.

Operational Insights

CoAspire's strategic focus on additive manufacturing and modular design provides a competitive advantage in delivering cost-effective and adaptable missile systems. The company's commitment to hiring veterans and military spouses enhances its operational effectiveness and aligns with its mission to support the defense community.

Strategic Opportunities and Future Directions

Looking ahead, CoAspire aims to expand the RAACM program, exploring larger variants and additional platform integrations. The company's innovative approach positions it to capitalize on emerging defense needs, particularly in the realm of adaptable and affordable missile systems.