U.S. Markets closed
  • S&P 500

    4,173.85
    +61.35 (+1.49%)
     
  • Dow 30

    34,382.13
    +360.68 (+1.06%)
     
  • Nasdaq

    13,429.98
    +304.99 (+2.32%)
     
  • Russell 2000

    2,224.63
    +53.68 (+2.47%)
     
  • Crude Oil

    65.51
    +1.69 (+2.65%)
     
  • Gold

    1,844.00
    +20.00 (+1.10%)
     
  • Silver

    27.52
    +0.47 (+1.72%)
     
  • EUR/USD

    1.2146
    +0.0062 (+0.5101%)
     
  • 10-Yr Bond

    1.6350
    -0.0330 (-1.98%)
     
  • Vix

    18.81
    -4.32 (-18.68%)
     
  • GBP/USD

    1.4102
    +0.0050 (+0.3582%)
     
  • USD/JPY

    109.3470
    -0.0870 (-0.0795%)
     
  • BTC-USD

    49,520.22
    +424.83 (+0.87%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • Nikkei 225

    28,084.47
    +636.46 (+2.32%)
     

WidePoint Bags Over $86M U.S. Department of Homeland Security Task Orders

  • Oops!
    Something went wrong.
    Please try again later.
Anusuya Lahiri
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Trusted mobility management (TM2) solutions provider WidePoint Corp (AMEX: WYY) was awarded over million in task orders through its recently secured indefinite-delivery, indefinite-quantity (IDIQ) contract with the U.S. Department of Homeland Security (DHS).

  • In November 2020, WidePoint announced the Cellular Wireless Managed Services (CWMS) 2.0 contract from its long-standing customer, DHS. The contract had a $500 million ceiling and contained a one-year base period with four 12-month option periods extending through November 24, 2025, valued at $81.8 million over the potential five-year period.

  • The $86 million task orders included one-year task order for the Cyber Security and Infrastructure Security Agency (CISA), valued at $1.1 million, three separate task orders varying from one to five years for Customs and Border Protection (CBP), valued at $1.6 million and a three-month task order for DHS headquarters, valued at $2.2 million.

  • The contracts mostly represented follow-on orders signifying growth opportunities within the company’s existing relationships, huge demand for its solutions, and additional orders following the demand as per WidePoint President Todd Dzyak.

  • Price action: WYY shares traded lower by 7.07% at $10.64 on the last check Wednesday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.