Whitehawk US Federal Government Contract Year Renewal for $1.5M USD

WhiteHawk-thumbnailHighlights

  • WhiteHawk awarded option for U.S. Fiscal Year (FY) 2021 as Cyber Sub-Contractor with a U.S. Federal Government Department
  • Original contract won by the Prime is for 7 years (1 year with 6 option years)
  • WhiteHawk’s FY2020 Level of Effort was $400K USD
  • Work by WhiteHawk commenced 1 October 2020 (FY 2021)

WhiteHawk (ASX: WHK) is the first global online cyber security exchange enabling small-to-medium businesses to take smart action against cybercrime, fraud and disruption, has been awarded an FY 2021 option extension of USD $1.5M under an existing 7 year contract.

Whitehawk ASX-WHK stock jumped as much as 65 per cent

The focus of this contract for WhiteHawk has evolved from cyber risk technical and management services, scoped at $400K to $750K USD per year, to now lead developer of a comprehensive online Cyber Security Marketplace, with an automated cyber risk review and solution option mapping, for a breadth of US Federal Government entities.

 

“We are discovering that our unique end to end automated approach, to identifying, prioritizing and mitigating cyber risks, via an easily assessable online platform, is increasingly attractive to both government and industry alike, by providing near real time servicing of their stakeholder organizations or clients.”
~ Terry Roberts, CEO of WhiteHawk

 

View the full announcement here.

 

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