WhiteHawk Limited (ASX: WHK) has been awarded a fiscal 2021 option extension of US$1.5 million (A$2.1M) under an existing seven-year contract.
The contract with a US Federal government Department was for a one-year contract with six option years.
WhiteHawk has been advised that the option for the next financial year has now been exercised, which is worth US$1.5 million to the company over the 2021 financial year – a significant increase on the US$400,000 in revenue awarded to the company under the contract for the 2020 financial year.
The company sees this as validation of its cybersecurity technology and value to the US government in combating cyber threats.
WhiteHawk is the first global online cybersecurity exchange enabling small-to-medium businesses to take smart action against cybercrime, fraud and disruption,
The focus of this contract for WhiteHawk has evolved from cyber risk technical and management services, scoped at US$400,000 to US$750,000 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.
The company’s…
