Telos Corp. Awarded A $12.5B Ceiling, Multiple Award, Indefinite-Delivery/Indefinite-Quantity Contract For Base Infrastructure Modernization
Portfolio Pulse from Benzinga Newsdesk
Telos Corporation has been awarded a $12.5 billion IDIQ contract for base infrastructure modernization by the Department of the Air Force. The contract will involve modernizing and maintaining network infrastructure globally, with work expected to continue until 2034.
August 20, 2024 | 12:14 pm
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Telos Corporation has secured a significant $12.5 billion IDIQ contract for modernizing Air Force base infrastructure, which is expected to positively impact its revenue and market position.
The $12.5 billion contract is a substantial win for Telos, likely to enhance its revenue and strengthen its market position in the defense sector. The long-term nature of the contract, extending to 2034, provides a stable revenue stream.
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