Telos Wins $34.3M Air Force Task Order for Xacta.ai
TLS sits 28% above its 52-week low of $3.785.
Summary
Telos secured a $34.3 million task order from Air Combat Command to modernize cybersecurity risk management across the Air Force Intelligence Community. The contract includes a five-month base period and four one-year options, with a total ceiling of $37.8 million if all options are exercised. Telos will deploy its Xacta.ai platform to automate compliance and strengthen Zero Trust adoption. This award follows strong Q2 results and adds a meaningful government contract to the backlog. The deal is material relative to Telos's market cap and reinforces its position in federal cybersecurity.
At the time of this announcement, TLS was trading at $4.85 on NASDAQ in the Technology sector, with a market capitalization of approximately $358M. The 52-week trading range was $3.79 to $8.36. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.