Telos Corporation Wins Significant Air Force Contract
Telos Corporation (NASDAQ: TLS), a prominent provider of cyber, cloud, and enterprise security solutions for some of the world's most security-focused organizations, has been awarded a substantial contract with a ceiling value of $12.5 billion. This contract is a multiple award, indefinite-delivery/indefinite-quantity (IDIQ) agreement aimed at base infrastructure modernization.
Contract Overview
The contract, referred to as the Base Infrastructure Modernization (BIM) contract, is designed to modernize, operate, and maintain the network infrastructure across all Department of the Air Force (DAF) locations, which includes Guard and Reserve bases. The work under this contract will take place globally and is anticipated to be completed over the next several years. Task orders with multi-year performance periods will be issued even in the final year of the IDIQ, ensuring that awarded projects can continue beyond the initial completion schedule.
Competitive Bidding Process
This contract was awarded following a competitive bidding process conducted by the Air Force Life Cycle Management Center, specifically the Cyber and Networks Contracting Organization. A total of 47 proposals were submitted, leading to 23 companies being selected for prime positions.
Other Contract Opportunities
Since the beginning of 2023, Telos has also secured positions on various federal government contract vehicles, which collectively 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
About Telos Corporation
Telos Corporation (NASDAQ: TLS) is dedicated to empowering and safeguarding the world’s most security-conscious organizations by providing solutions that ensure continuous security assurance for individuals, systems, and information. Their offerings encompass cybersecurity solutions for IT risk management and information security, cloud security solutions to safeguard cloud-based assets, 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 clients around the globe.
Frequently Asked Questions
What is the primary objective of the new contract awarded to Telos Corporation?
The primary objective of the contract is to modernize, operate, and maintain the network infrastructure at all Department of the Air Force locations.
What is the total value of the contract?
The contract has a ceiling value of $12.5 billion.
How many companies received awards under this contract?
A total of 23 companies were awarded prime positions under this contract.
What are some other federal contracts recently secured by Telos?
Telos has recently secured positions on several contract vehicles, including those for the Defense Manpower Data Center and the United States Army EUROPE Infrastructure.
What areas does Telos Corporation specialize in?
Telos Corporation specializes in cybersecurity, cloud security, and enterprise security solutions, serving security-focused organizations worldwide.
