Telos Corporation Awarded $35 Million U.S. Army Contract for Systems on Korean Peninsula

Rhea-AI Summary

Telos Corporation (NASDAQ: TLS) has been awarded a $35 million contract by the Army Contracting Command. This five-year agreement supports the Yongsan Relocation Plan and involves comprehensive management of communication systems, including voice and wireless infrastructure. CEO John B. Wood emphasized the importance of this project for U.S. military operations in Korea. For more information on Telos' offerings, visit their website.

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• Awarded a five-year contract valued at approximately $35 million.
• Supports critical U.S. military operations in Korea.
• Comprehensive management of communication systems improves infrastructure.

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• None.

Cybersecurity leader to provide support of Yongsan Relocation Plan and Land Partnership Plan

ASHBURN, Va., May 13, 2021 (GLOBE NEWSWIRE) -- Telos^® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, announced today that it was awarded a five-year contract valued at approximately $35 million by the Army Contracting Command.

Telos will provide all necessary program management, design, engineering and implementation of systems to include inside and outside plant, voice, voice over internet protocol, communication systems, as well as wireless and communications infrastructure support. This effort also includes configuration management, cybersecurity, logistics and asset management.

“The relocation and realignment effort is critical to U.S. military operations on the Korean peninsula,” said John B. Wood, CEO and chairman, Telos. “There is no greater honor than to support our men and women who bring peace and stability to this vital region of the world.”

For more information about Telos’ network management and defense offerings, visit: https://www.telos.com/offerings/network-management-defense.

About Telos Corporation
Telos 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 military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world. 

Media:
Mia Wilcox
media@telos.com
(610) 564-6773

Investors:
Brinlea Johnson
The Blueshirt Group on behalf of Telos Corporation
brinlea@blueshirtgroup.com

FAQ

What is the value of the new contract awarded to Telos Corporation?

The contract awarded to Telos Corporation is valued at approximately $35 million.

Who awarded the contract to Telos Corporation?

The contract was awarded by the Army Contracting Command.

What will Telos Corporation provide under the new contract?

Telos will provide program management, design, engineering, and implementation of communication systems.

How long is the contract awarded to Telos Corporation?

The contract is a five-year agreement.

What does the Yongsan Relocation Plan involve?

The Yongsan Relocation Plan involves critical support for U.S. military operations in the Korean peninsula.