U.S. Navy Awards $70 Million to New Missile Maker CoAspire for Affordable Cruise Missile Program
The U.S. Navy, through its PAE Munitions acquisition arm, has awarded a $70 million Other Transaction Authority (OTA) agreement to CoAspire, a new entrant in the defense industry, for the Coalition Heterogeneous Affordable Offensive Strike (CHAOS) program. The program aims to develop a low-cost, mid-range cruise missile capable of striking both land targets and moving ships. CoAspire, a privately owned small business, plans to use additive manufacturing (3D printing) to reduce costs and production timelines. The Navy framed the award as a milestone for affordable maritime strike capabilities for allied nations and a move to expand the defense industrial base by introducing competition. PAE Munitions expects to sign at least one additional agreement under CHAOS as part of a competitive prototyping strategy, reflecting the Pentagon's urgency to field cheaper precision munitions amid high consumption rates seen in the Ukraine war.
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