Fairborn defense firm’s joint venture secures $60M Navy contract

Text: Contract Award, BQMI/Peerless Joint Venture

A joint venture between a Texas-based company and one of the Dayton area’s largest defense contractors has been awarded a $60 million Navy contract. This marks a five-year contract that could lead to more hires for the company.

Fairborn-based Peerless Technologies Corp. and Banner Quality Management Inc. of Friendswood, Texas, will employ roughly 90 business, financial and logistics specialists through the joint venture at Naval Surface Warfare Center, Crane Division in Crane, Indiana. The contract is for Business Operation Support Services and Peerless has served as prime contractor on this effort since 2017.

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Story excerpt provided by Dayton Business Journal.

Written by Blythe Alspaugh.

Originally published January 10, 2023.

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