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Telos Corporation Selected as Prime Contractor for the U.S. Navy SeaPort Next Generation Contract

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Telos (NASDAQ: TLS) has been selected as a prime contractor for the U.S. Navy SeaPort Next Generation (SeaPort NxG) multiple award contract. This IDIQ contract enables Telos to bid on task orders until 2028, serving various Navy commands including NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, ONR, Military Sealift Command, and the U.S. Marine Corps.

As part of the contract, Telos will provide network engineering, operational support, program management, logistics, and training for cyber risk assessment. Since 2023, Telos has secured positions on several federal government contracts that, combined with SeaPort NxG, represent an approximate $35 billion addressable market. These include contracts with DLA JETS 2.0, USAF BIM, DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN, and FBI IT-SSS2.

Telos (NASDAQ: TLS) è stato selezionato come appaltatore principale per il contratto pluriennale della Marina degli Stati Uniti SeaPort Next Generation (SeaPort NxG). Questo contratto IDIQ consente a Telos di partecipare a ordinazioni di lavoro fino al 2028, servendo vari comandi della Marina tra cui NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, ONR, Military Sealift Command e il Corpo dei Marines degli Stati Uniti.

Come parte del contratto, Telos fornirà ingegneria di rete, supporto operativo, gestione del programma, logistica e formazione per la valutazione del rischio informatico. Dal 2023, Telos ha ottenuto posizioni su diversi contratti federali che, combinati con SeaPort NxG, rappresentano un mercato indirizzabile di circa 35 miliardi di dollari. Questi includono contratti con DLA JETS 2.0, USAF BIM, DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN e FBI IT-SSS2.

Telos (NASDAQ: TLS) ha sido seleccionado como contratista principal para el contrato de múltiples premios de la Marina de los EE. UU. SeaPort Next Generation (SeaPort NxG). Este contrato IDIQ permite a Telos licitar en órdenes de trabajo hasta 2028, sirviendo a varios comandos navales, incluyendo NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, ONR, Military Sealift Command y el Cuerpo de Marines de los EE. UU.

Como parte del contrato, Telos proporcionará ingeniería de redes, soporte operativo, gestión de programas, logística y capacitación para la evaluación del riesgo cibernético. Desde 2023, Telos ha asegurado posiciones en varios contratos del gobierno federal que, combinados con SeaPort NxG, representan un mercado direccionable aproximado de 35 mil millones de dólares. Estos incluyen contratos con DLA JETS 2.0, USAF BIM, DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN y FBI IT-SSS2.

텔로스 (NASDAQ: TLS)는 미국 해군의 다음 세대 계약인 SeaPort Next Generation (SeaPort NxG) 다수의 수여 계약의 주요 계약자로 선정되었습니다. 이 IDIQ 계약은 텔로스가 2028년까지 작업 주문에 입찰할 수 있도록 하며, NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, ONR, 군수 지원 사령부 및 미 해병대 등 다양한 해군 사령부에 서비스를 제공합니다.

계약의 일환으로, 텔로스는 네트워크 엔지니어링, 운영 지원, 프로그램 관리, 물류 및 사이버 위험 평가를 위한 교육을 제공합니다. 2023년 이래, 텔로스는 SeaPort NxG와 결합하여 대략 350억 달러의 접근 가능한 시장을 형성하는 여러 연방 정부 계약에서 자리를 확보했습니다. 이러한 계약에는 DLA JETS 2.0, USAF BIM, DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN 및 FBI IT-SSS2가 포함됩니다.

Telos (NASDAQ: TLS) a été sélectionné comme entrepreneur principal pour le contrat à multiples attributions de la Marine des États-Unis SeaPort Next Generation (SeaPort NxG). Ce contrat IDIQ permet à Telos de soumissionner pour des ordres de mission jusqu'en 2028, en servant divers commandements de la Marine, y compris NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, ONR, Military Sealift Command et le Corps des Marines des États-Unis.

Dans le cadre du contrat, Telos fournira des services d'ingénierie réseau, de soutien opérationnel, de gestion de programme, de logistique et de formation pour l'évaluation des risques cybernétiques. Depuis 2023, Telos a obtenu des positions sur plusieurs contrats gouvernementaux fédéraux qui, combinés avec SeaPort NxG, représentent un marché adressable d'environ 35 milliards de dollars. Ceux-ci comprennent des contrats avec DLA JETS 2.0, USAF BIM, DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN et FBI IT-SSS2.

Telos (NASDAQ: TLS) wurde als Hauptauftragnehmer für den Mehrfachvergabevertrag der US Navy SeaPort Next Generation (SeaPort NxG) ausgewählt. Dieser IDIQ-Vertrag ermöglicht es Telos, bis 2028 auf Arbeitsaufträge zu bieten, und bedient verschiedene Marine-Kommandos, einschließlich NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, ONR, Military Sealift Command und dem US Marine Corps.

Im Rahmen des Vertrags wird Telos Netzwerkengineering, Betriebssupport, Programmmanagement, Logistik und Schulungen für die Cyberrisikobewertung bereitstellen. Seit 2023 hat Telos Positionen in mehreren Bundesverträgen gesichert, die zusammen mit SeaPort NxG einen annähernden 35 Milliarden Dollar adressierbaren Markt darstellen. Dazu gehören Verträge mit DLA JETS 2.0, USAF BIM, DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN und FBI IT-SSS2.

Positive
  • Secured prime contractor position on U.S. Navy SeaPort NxG contract
  • Access to $35 billion addressable market through multiple federal contract vehicles
  • Expanded federal presence with seven major contract vehicles since 2023
Negative
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Insights

The selection of Telos as a prime contractor for the U.S. Navy SeaPort NxG contract marks a strategically significant expansion of the company's federal contracting footprint. This IDIQ vehicle is particularly valuable as it serves as the Navy's mandatory channel for professional support services across major commands including NAVAIR, NAVSEA and the Marine Corps.

The contract's significance is amplified when viewed alongside Telos' recent contract wins since 2023, which collectively open up an impressive $35 billion addressable market. This portfolio diversification across multiple federal agencies (Navy, Air Force, Army, FBI) demonstrates strong competitive positioning in the government cybersecurity sector and reduces dependency on any single contract vehicle.

Key strategic implications include:

  • Enhanced revenue visibility through 2028, with potential for extension through a nine-year re-compete period
  • Strengthened positioning in the naval cybersecurity domain, particularly in network engineering and cyber risk assessment
  • Expanded cross-selling opportunities across various military branches and federal agencies
  • Reduced contract capture costs through pre-qualified status on multiple vehicles

The timing of this award is particularly advantageous given the increasing federal focus on cybersecurity and infrastructure modernization. With a market cap of $225.8 million, this contract vehicle access represents a significant multiple of Telos' current market value, suggesting substantial growth potential if the company can successfully capitalize on these opportunities through effective task order capture strategies.

ASHBURN, Va., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced its on-ramp as a prime contractor to the U.S. Navy – SeaPort Next Generation (SeaPort NxG) multiple award, indefinite-delivery/indefinite-quantity (IDIQ) contract.

SeaPort NxG serves the Navy Virtual SYSCOM Commanders, including NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR and ONR, as well as the Military Sealift Command (MSC) and the United States Marine Corps (USMC). SeaPort NxG is the U.S. Navy’s integrated and mandatory approach to contracting for professional support services (PSS). As a prime contractor, Telos will be eligible to bid on task orders until 2028, at which time the Navy will perform a re-compete for a nine-year period of performance.

“Telos is pleased to be a part of SeaPort NxG, which strengthens our relationship with the U.S. Navy,” said John B. Wood, CEO and chairman, Telos. “We look forward to providing the Navy with network engineering and operational support, program management, logistics, and training to support cyber risk assessment.”

In addition to SeaPort NxG, since 2023, Telos has won positions on the following federal government blanket purchase agreement (BPA) and IDIQ contract vehicles, which, when combined with SeaPort NxG, provide market access to compete for new business opportunities that, in the aggregate, represent approximately a $35 billion addressable market, including:

  • Defense Logistics Agency (DLA) J6 Enterprise Technology Services 2.0 (JETS 2.0)
  • United States Air Force (USAF) Base Infrastructure Modernization (BIM)
  • 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 (IT-SSS2)

For a full list of Telos contract vehicles and additional information, please visit www.telos.com/contracts.

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.

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


FAQ

What is the duration of Telos 's (TLS) SeaPort NxG contract with the U.S. Navy?

Telos can bid on task orders until 2028, after which the Navy will conduct a re-compete for a nine-year performance period.

What services will Telos (TLS) provide under the SeaPort NxG contract?

Telos will provide network engineering, operational support, program management, logistics, and training to support cyber risk assessment.

How large is the addressable market for Telos (TLS) through its recent federal contracts?

The combined addressable market for Telos through its federal contracts, including SeaPort NxG, is approximately $35 billion.

Which federal agencies has Telos (TLS) secured contracts with since 2023?

Telos has secured contracts with DLA, USAF, DMDC, U.S. Army EUROPE, USMC, FBI, and now the U.S. Navy through SeaPort NxG.

Which Navy commands will Telos (TLS) serve under the SeaPort NxG contract?

Telos will serve NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, ONR, Military Sealift Command, and the United States Marine Corps.

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