Torch Technologies

Defense Contractor
Founded 2002
Founders Bill Roark and Don Holder
Headquarters Huntsville, AL
Key people
Revenue Increase$348 million (2017)
Number of employees
 750 (July 2018)
Website www.torchtechnologies.com

Torch Technologies is an employee-owned system engineering, applied science, modeling & simulation and information technology small business headquartered in Huntsville, Alabama, United States.[1] Its primary customers are the United States Army Aviation and Missile Command (AMCOM) and the Missile Defense Agency, although it has contracts with other DoD agencies including the Navy and the Air Force.[2] Torch has over 750 employee-owners located primarily in Huntsville, AL, Aberdeen, MD, Patuxent River, MD, Colorado Springs, CO, Albuquerque, NM, and Eglin AFB, FL.[3]

History

Torch Technologies was co-founded in 2002 in Huntsville, AL by Bill Roark and Don Holder. Roark and Holder respectively had 30 and 40 years of experience in Department of Defense research and development programs and other contracts.[4] The company's location was chosen due to proximity to Redstone Arsenal, which serves as headquarters of several large Army organizations such as AMCOM and offices belonging to US Army Aviation.[5] Upon the company's formation, the co-founders began to aggressively recruit a team of senior engineers, and set out to build a reputation for good service and competitive pricing. In 2005, Roark began to take steps that would allow Torch to become employee-owned (via an ESOP), and the company attained 100% employee ownership in 2010.[6] Roark desired employee-ownership and profit sharing because such management styles have been proven to reduce employee attrition rates and increase job satisfaction.[7] In 2008, Torch began bidding as a prime government contractor. With the receipt of four direct award prime task orders on AMCOM Express, the company won more contracts in two weeks in late 2008 than the previous six years of combined government work.[4] In late 2016, Torch completed a $12 million renovation of the two existing buildings it owns in South Huntsville.[8] Torch received economic incentives from the city of Huntsville, the Tennessee Valley Authority and the state of Alabama to keep its headquarters in South Huntsville as opposed to moving to Cummings Research Park in hopes of growing economic activity in the immediate area.[8] Torch has recently (2014-2016) expanded business into several new markets including Aberdeen, MD, Bedford, MA, Honolulu and Kauai.

Projects

  • In 2016, Torch was awarded a $62 million MDA Technical, Engineering, Advisory, and Management Support (TEAMS) Test Provisioning advisory and assistance services contract. The contract includes support and provisioning for both Ground Test and flight test.
  • In 2013, Torch was awarded with the U.S. Army Apache Technical Software Resource, Modernization, and Fielding Support Task for the AH-64 Apache Helicopter. The project will involve providing the Apache with platform-wide software upgrades, including GUIs and Modeling and simulation.[9]
  • In 2014, Torch won a $70 million Engineering Support Division Technical Support task order, which was awarded underneath the AMCOM Express Blanket Purchase Agreement.[10] Torch will provide the Engineering Support Division with lifecycle engineering support for warfighter system calibration, test, measurement and diagnostic equipment. Torch also won a $71 million task order with the US Army Contracting Command for missile element simulation, which enhances and maintains the Army's current suite of missile modeling simulation, Hardware-in-the-loop simulation and prototype development facilities.[10]
  • In 2012, Torch was selected on a $100 million Modeling and Simulations Task Order with the Aviation and Missile Research, Development, and Engineering Center System Simulation and Development Directorate (SSDD.)[11] Modeling and simulation provides a cost effective way for the military to assess performance of its assets and enhance training for the Soldier.[12]
  • Torch also supports the Missile Defense Agency with engineering advisory and assistance services, namely acquisition and engineering support.[13]
  • In 2013, Torch performed Systems Engineering work for integration of an electronic warfare payload onto an Army UAS.[14]

Awards

References

  1. ↑ Inc. 5000 Company Profile: Torch Technologies
  2. ↑ AL.com "Torch Technologies Wins Nearly $71 Million Dollar Contract for Missile Element Development"
  3. ↑ https://www.torchtechnologies.com/company/locations
  4. 1 2 http://eastsidepartners.com/entrepreneurs/bill-roark/ "Entrepreneur Stories: Bill Roark"
  5. ↑ "Archived copy". Archived from the original on 2014-07-05. Retrieved 2014-06-30.
  6. ↑ http://www.dol.gov/ebsa/pdf/1210-AB32-054.pdf
  7. ↑ The Bible on Leadership: From Moses to Matthew, Management Lessons
  8. 1 2 http://whnt.com/2015/03/19/torch-technologies-to-expand-south-huntsville-campus-bring-more-jobs-to-tennessee-valley/
  9. ↑ http://www.torchtechnologies.com/news/article/6b3fad7d-7573-4a3f-89f7-003d9c679820
  10. 1 2 http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=30935926
  11. ↑ http://www.torchtechnologies.com/news/article/87e50778-d4a4-4157-8cb7-7b6513735137
  12. ↑ http://www.apd.army.mil/pdffiles/r5_11.pdf
  13. ↑ http://www.torchtechnologies.com/news/article/b5a94132-0f7e-4516-9cd1-2688e7b0b888
  14. ↑ http://www.torchtechnologies.com/solutions/services/systems+engineering
  15. ↑ "Torch Named One of the Best Workplaces for Millennials by Great Place to Work® and FORTUNE". Torch Technologies. June 26, 2018. Retrieved July 9, 2018.
  16. ↑ "Torch Named ESOP Company of the Year". Torch Technologies. March 2, 2018. Retrieved July 9, 2018.
  17. ↑ "ASME Names Torch Outstanding Mechnical Engineering Firm". Torch Technologies. February 23, 2018. Retrieved July 9, 2018.
  18. ↑ "Torch Makes Bloomberg Government Top 200 List". Torch Technologies. August 23, 2017. Retrieved July 9, 2018.
  19. ↑ "Torch Technologies on the Forbes America's Best Small Companies List". Forbes. Retrieved 2016-03-11.
  20. ↑ "Torch Named One of the Country's Best Workplaces in Consulting & Professional Services for Third Consecutive Year". Torch Technologies. April 24, 2018. Retrieved July 8, 2018.
  21. ↑ "Torch Makes Washington Technology "Top 100 Government Contractors" List for Fourth Year". Torch Technologies. June 18, 2018. Retrieved July 9, 2018.
  22. 1 2 3 4 5 6 7 8 9 10 11 http://www.torchtechnologies.com/about+us/corporate+recognition "Torch's Corporate Recognition"
  23. ↑ "Congratulations to the 2018 Best Places to Work Winners!". Huntsville Madison County Chamber. April 10, 2018. Retrieved July 9, 2018.
  24. 1 2 Berry, Lucy.http://www.al.com/business/index.ssf/2013/06/huntsville-based_torch_technol.html "Huntsville-based Torch Technologies named Small Business Contractor of the Year" AL.com Huntsville, 12 June 2013

Bibliography

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