Telos Corporation Awarded Additional $3.1M Contract with National Geospatial-Intelligence Agency
Telos Corporation (NASDAQ: TLS) has announced a new $3.1 million contract with the National Geospatial-Intelligence Agency (NGA) to enhance its longstanding partnership. This five-year contract focuses on providing additional support for Xacta, Telos’ premier cyber risk management and automation solution. The collaboration aims to assist NGA in efficiently managing cyber risks and ensuring security compliance, continuing an enterprise license for Xacta that has been in place since 2006. The CEO emphasized the importance of this relationship in supporting national security.
- New $3.1 million, five-year contract with NGA enhances long-term partnership.
- Supports Xacta, strengthening Telos' position in cybersecurity solutions.
- NGA's continued use of Xacta since 2006 indicates strong customer retention.
- None.
Cybersecurity leader to build on longstanding NGA relationship with additional Xacta support
ASHBURN, Va., Nov. 04, 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 a
“Given NGA’s mission to deliver world-class geospatial intelligence to support national security, efficient and precise identification and remediation of issues is a topline priority,” said John B. Wood, CEO and chairman, Telos. “We’re honored to build on our long history with the agency to ensure NGA can effectively manage cyber risk and streamline security compliance.”
The Xacta suite of enterprise cyber risk management and compliance automation solutions helps organizations meet the complex challenges of managing IT risk with continuous compliance monitoring, security assessment and ongoing authorization. NGA has had an enterprise license for the Xacta software since 2006.
For more information about Xacta, including various use cases, visit: www.telos.com/xacta.
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 their Annual Report on Form 10-K for the year ended December 31, 2020 and their Report on Form 10-Q for the quarter ended June 30, 2021, 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 they believe are reasonable when made, they caution 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 their 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.
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 commercial enterprises, regulated industries and government customers around the world.
Media:
Mia Wilcox
media@telos.com
(610) 564-6773
Investors:
Christina Mouzavires
InvestorRelations@telos.com
(703) 724-4777
FAQ
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