Telos Corporation Receives Prime Position on Department of the Air Force Network Infrastructure Contract
August 20 2024 - 8:12AM
Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud
and enterprise security solutions for the world’s most
security-conscious organizations, today announced that it was
awarded a $12.5 billion ceiling, multiple award,
indefinite-delivery/indefinite-quantity (IDIQ) contract for base
infrastructure modernization.
This contract, named the Base Infrastructure Modernization (BIM)
contract, seeks solutions that modernize, operate and maintain the
network infrastructure on all Department of the Air Force (DAF)
locations, including Guard and Reserve bases. The work on this
contract will be performed globally and is expected to be completed
by August 15, 2034. Task orders with a multi-year period of
performance will be awarded even in the last year of the IDIQ,
allowing awarded work to continue past 2034.
This contract was a competitive acquisition from the Air Force
Life Cycle Management Center, Cyber and Networks Contracting
Organization based in Hanscom Air Force Base, Massachusetts.
Forty-seven offers were received, with 23 companies awarded prime
positions.
In addition to BIM, since 2023, Telos has won positions on the
following federal government contract vehicles, which when combined
with BIM provide market access to compete for new business
opportunities that, in the aggregate, represent a $24.5 billion
addressable market:
- Defense Manpower Data Center
(DMDC) Defense Enterprise HR Applications and Data
Services (DEHRADS)
- United States Army EUROPE Infrastructure Modernization
Capabilities Set (Army IMOD CAPSET)
- United States Marine Corps (USMC) Infrastructure Services,
Transport and Communications (ISTC) Base Area Network (BAN)
- Federal Bureau of Investigations (FBI) Information Technology
Supplies and Support Services (IT-SSS) 2nd Generation
For a complete list of Telos’ contract vehicles, please visit
www.telos.com/contracts.
About Telos CorporationTelos Corporation
(NASDAQ: TLS) empowers and protects the world’s most
security-conscious organizations with solutions for continuous
security assurance of individuals, systems, and information. Telos’
offerings include cybersecurity solutions for IT risk management
and information security; cloud security solutions to protect
cloud-based assets and enable continuous compliance with industry
and government security standards; and enterprise security
solutions for identity and access management, secure mobility,
organizational messaging, and network management and defense. The
company serves commercial enterprises, regulated industries and
government customers around the world.
Forward-Looking Statements This press release
contains forward-looking statements which are made under the safe
harbor provisions of the federal securities laws. These statements
are based on the Company’s management’s current beliefs,
expectations and assumptions about future events, conditions and
results and on information currently available to them. By their
nature, forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may
or may not occur in the future. The Company believes that these
risks and uncertainties include, but are not limited to, those
described under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” set forth from time to time in the Company’s filings
and reports with the U.S. Securities and Exchange Commission (SEC),
including its Annual Report on Form 10-K for the year ended
December 31, 2023, as well as future filings and reports by the
Company, copies of which are available at
https://investors.telos.com and on the SEC’s website at
www.sec.gov.
Although the Company bases these forward-looking statements on
assumptions that its management believes are reasonable when made,
the Company cautions the reader that forward-looking statements are
not guarantees of future performance and that the Company’s actual
results of operations, financial condition and liquidity, and
industry developments, may differ materially from statements made
in or suggested by the forward-looking statements contained in this
release. Given these risks, uncertainties and other factors, many
of which are beyond its control, the Company cautions the reader
not to place undue reliance on these forward-looking statements.
Any forward-looking statement speaks only as of the date of such
statement and, except as required by law, the Company undertakes no
obligation to update any forward-looking statement publicly, or to
revise any forward-looking statement to reflect events or
developments occurring after the date of the statement, even if new
information becomes available in the future. Comparisons of results
for current and any prior periods are not intended to express any
future trends or indications of future performance, unless
specifically expressed as such, and should only be viewed as
historical data.
Media: media@telos.com
Investors: InvestorRelations@telos.com
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