TeleCommunication Systems Receives $3.3 M Contract Modification from DoD
- For Cybersecurity Services Award Doubles Contract Ceiling to $6.6 Million
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, today announced that it has received a $3.3 million contract modification from the Department of Defense for its Art of Exploitation® cyber training and support. The contract's ceiling value has been raised to $6.6 million. The period of performance for this contract remains through September 2016.
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- TCS Art of Exploitation is focused training in penetration testing, forensics attack-defend strategies, vulnerability analysis and exploitation.
- Tech America forecasts that Department of Defense cyber spending will double over the next ten years from $5.5 billion in 2014 to $11 billion by 2024.
TCS Senior Vice President and Chief Technology Officer Drew Morin said: "The Department of Defense recognizes that its networks are increasingly being targeted for cyber attacks and that it needs highly-trained cybersecurity specialists. TCS values the role it has had in supporting cybersecurity for the Department of Defense for over nine years, and looks forward to strengthening our relationship through this contract."
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Source : TeleCommunication Systems, Inc.