Welcome to our dedicated page for Telos news (Ticker: TLS), a resource for investors and traders seeking the latest updates and insights on Telos stock.
Telos Corporation (NASDAQ: TLS) is frequently in the news for its activities in cyber, cloud and enterprise security, as well as its role as an authorized TSA PreCheck enrollment provider. The TLS news feed on Stock Titan aggregates company-issued announcements and other coverage so readers can follow how Telos executes on its security and compliance-focused business.
Recent Telos news highlights include cyber governance, risk and compliance (GRC) engagements with large commercial customers and U.S. federal agencies. The company has reported on renewals and expansions of cyber GRC and security operations support for large-scale commercial cloud environments, including work that involves maintaining authorities to operate (ATOs) and pursuing new authorizations across multiple cloud product lines. Telos has also announced the first enterprise-wide federal deployment of Xacta.ai, the AI capability at the core of its Xacta cyber GRC platform.
Investors and observers can use the TLS news page to monitor announcements about government contracting developments, such as Telos’ selection for the Missile Defense Agency’s SHIELD IDIQ contract, as well as updates on its TSA PreCheck enrollment network across many U.S. states and territories. The company also issues press releases related to quarterly financial results, investor conference participation and liquidity commentary, which are reflected in its news flow.
By reviewing the TLS news stream, readers can see how Telos communicates about its cyber GRC offerings, TSA PreCheck enrollment expansion, AI-enabled compliance capabilities and financial reporting milestones. Bookmark this page to access a consolidated view of Telos Corporation news, from contract awards and product updates to earnings announcements and investor events.
Telos Corporation (NASDAQ: TLS) has secured a five-year contract with the National Security Agency (NSA) to enhance its cybersecurity solutions, continuing a partnership that began in 2007. This contract involves licensing Xacta 360 and Xacta.io, while implementing new services that improve integration and efficiency. The expansion of this contract aims to help the NSA manage cyber risks more effectively, utilizing a new technology stack for streamlined operations. The deal reflects Telos' commitment to national security and influence in cybersecurity management.
Telos Corporation (NASDAQ: TLS) has announced the appointment of two experienced executives to enhance its federal and commercial operations. Josh Salmanson joins as senior vice president of Technology Solutions, bringing nearly 30 years of cybersecurity expertise. Lee Canterbury arrives as vice president of Corporate Growth, boasting over 35 years in business development with a record of securing contracts worth more than $1.4 billion in federal initiatives. Their addition is expected to drive growth and improve win rates across Telos' portfolios, positioning the company to better meet evolving customer challenges.
Telos Corporation (NASDAQ: TLS) announced a $32.5 million contract with the U.S. Air Force's Air Combat Command for Mission Defense Teams (MDT) support. This contract will extend for two years, enhancing the Air Force's Defensive Cyber Operations (DCO) capabilities across multiple U.S. locations, expected to conclude in January 2025. CEO John B. Wood emphasized Telos' commitment to bolstering the Air Force's IT systems and mission performance through this contract. The DCO WhiteSpace program includes a range of contractor support roles aimed at augmenting base personnel in core IT services.
Telos Corporation (NASDAQ: TLS) and SteelCloud LLC have partnered to automate NIST Risk Management Framework (RMF) compliance. This collaboration aims to simplify the complex orchestration involved in RMF compliance by providing customers with access to all seven RMF steps through a unified solution. Their integrated products, ConfigOS and Xacta, enhance compliance by automating the identification, assessment, and remediation processes, significantly reducing the time and effort required for achieving Authorization to Operate (ATO).
Telos Corporation (NASDAQ: TLS) reported strong third-quarter results, surpassing financial guidance with revenues of $63.6 million and cash flow from operations of $12.0 million. Adjusted EBITDA reached $8.6 million, showcasing effective cost management. However, the company lowered its 2022 guidance due to a lack of new wins in its Secure Networks segment, expecting full-year revenues of $213 million to $217 million. Notably, the TSA granted an authority to operate for its PreCheck® System, highlighting future growth potential.
Telos Corporation (NASDAQ: TLS) will report its third-quarter financial results on November 9, 2022, before market opening. A webcast will follow at 8:30 a.m. ET where management will discuss the results and business outlook. This event underscores Telos' commitment to transparency and investor communication in the cybersecurity sector, which includes services for IT risk management, cloud security, and enterprise solutions.
Telos Corporation (NASDAQ: TLS) has secured a contract with the Maryland Aviation Administration to provide a Transportation Security Administration (TSA)-approved Designated Aviation Channeling (DAC) service at Baltimore/Washington International Thurgood Marshall Airport (BWI). This service enhances credentialing operations by streamlining background checks for airport workers, ensuring data integrity, and reducing costs. Telos is recognized for its advanced biometric solutions, currently utilized by over 100 airports and airlines. The DAC service aligns with TSA and Department of Homeland Security requirements, reinforcing aviation security.
Telos Corporation (NASDAQ: TLS) has announced a collaboration with IBM Security to tackle compliance challenges in cybersecurity. This partnership is part of IBM's Active Governance Services (AGS), aimed at automating compliance processes and combating audit fatigue, which affects organizations' efficiency. A 2020 study revealed that enterprises face an average of 13 IT security regulations, requiring significant resources to manage. The new AGS solution promises to reduce compliance time by up to 90% and optimize reporting and monitoring efforts across various infrastructures.
Telos Corporation launched new enhancements for its Xacta cyber risk management platform, enabling users to quantify cyber risks in financial terms. This update includes intelligent workflow capabilities that automate processes to reduce manual input, enhancing efficiency. Additionally, new API integrations with Tenable and STIG Viewer expand the platform's capabilities for managing vulnerabilities. These advancements align with Gartner's recognition of cyber risk quantification as a top trend in IT risk management for 2022, underscoring the growing importance of understanding cyber risks in financial contexts.
Telos Corporation (NASDAQ: TLS) has reported growth in its Designated Aviation Channeling service, with eleven customer renewals and new clients in the U.S. commercial aviation sector. Notable clients include USA Jet Airlines and California Redwood Coast Humboldt County Airport. Telos' service complies with TSA and DHS standards for data security and identity verification, addressing insider threats. The company has over 100 aviation clients benefiting from its advanced biometric solutions, aimed at enhancing operational efficiency and security in the aviation industry.