Join our daily newsletter At The Bell to receive exclusive market insights
- Cybersecurity company WhiteHawk (WHK) has received a US$1.5 million (around A$2.1 million) contract extension with U.S. Federal Government Department
- Under the original contract, was signed for one year with six option years, now the option for the next financial year has been awarded
- The contract extension is an increase on the US$400,000 (about A$556,000) in revenue that was awarded to WhiteHawk under the 2020 financial year contract
- The company began its work with the U.S Government on October 1 for the 2021 financial year
- WhiteHawk shares remain flat today at 12.5 cents per share
WhiteHawk (WHK) has received a US$1.5 million (around A$2.1 million) contract extension with U.S. Federal Government Department.
Under the original contract, a deal was signed for one year with six option years, now the option for the next financial year has been awarded.
The contract extension is an increase on the US$400,000 (about A$556,000) in revenue that was awarded to the company under the 2020 financial year contract.
This award shows WhiteHawks has evolved from a cyber risk technical management services to a lead developer of a comprehensive online Cyber Security Marketplace, with an automated cyber risk review and solution option mapping for a range of U.S. Federal Government entities.
Executive Chair, Terry Roberts, is pleased with the contract extension.
“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 organisations or clients,” she said.
The company began its work with U.S. Government last week, on October 1, for the 2021 financial year.
WhiteHawk shares remain flat today at 12.5 cents per share at 1:53 pm AEDT.
