Telos Corporation Awarded $5.8 Million Contract with National Geospatial-Intelligence Agency
01 Août 2023 - 2:00PM
Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud
and enterprise security solutions for the world’s most
security-conscious organizations, today announced a $5.8 million,
five-year contract award with the National Geospatial-Intelligence
Agency (NGA). The contract builds on Telos’ 16-year relationship
with NGA and includes renewals of both Xacta 360 and Xacta.io.
“We’re pleased to continue supporting NGA in its mission to
deliver world-class geospatial intelligence,” said John B. Wood,
CEO and chairman, Telos. “At Telos, we pride ourselves on providing
the tools and knowledge necessary for organizations like NGA to
operate quickly, accurately and with ease. This is a positive next
step in a longtime relationship, and we are honored to help NGA
streamline its compliance and effectively manage cyber risk.”
With this new contract, NGA will continue to leverage Xacta 360
to speed the time to delivery for its systems. Using Xacta, 70% of
NGA systems receive an Authority to Operate (ATO) within six weeks
and almost 10% of their systems receive an ATO in one day. Xacta
360 will also support NGA’s unique implementation of the NIST Risk
Management Framework, helping to automate the tailoring of the
control set based on operational needs. With the Enterprise Reports
on Demand (ERODs) deployment, Xacta 360 will also aid in agency
reporting by providing real-time enterprise metrics on a massive
scale to NGA senior leadership.
NGA will continue to benefit from Xacta.io by deploying the
solution to ingest data from various applications within NGA’s
toolset. This enables NGA to automatically populate the
authorization package during the initial assessment, as well as to
maintain continuous monitoring.
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. For more
information about Xacta, including various use cases, visit
www.telos.com/xacta.
Forward-Looking StatementsThis 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, 2022, 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 the Company’s management believes 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 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.
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.
Media:media@telos.com
Investors:InvestorRelations@telos.com
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