WidePoint Awarded $2.5 Million Contract Under the Spiral 4 Contract Vehicle to Provide Managed Mobility Services to the Department of Defense

Rhea-AI Summary

WidePoint (NYSE American:WYY) has secured a new Task Order under the Spiral 4 contract vehicle from a U.S. Department of Defense combat support agency. The contract, valued at $2.5 million annually, includes a base year plus nine one-year options, potentially reaching $25 million if all options are exercised.

Through this Task Order, WidePoint will provide Managed Mobility Solutions, supporting the procurement and management of wireless devices for users across all 50 U.S. states and 90 international countries. The service aims to ensure seamless connectivity and operational efficiency for military personnel deployed globally.

This marks WidePoint's first award under the Spiral 4 contract, which focuses on providing unclassified wireless mobility telecommunications services and devices with required cybersecurity profiles for the DoD.

Positive

• Secured $2.5M annual contract with potential $25M total value
• First Task Order under strategic Spiral 4 contract vehicle
• Geographic expansion covering 50 U.S. states and 90 international countries
• Long-term revenue visibility with 10-year potential contract duration

Negative

• Contract value contingent on option year renewals
• Revenue impact dependent on actual service utilization levels

News Market Reaction

-3.26%

1 alert

-3.26% News Effect

On the day this news was published, WYY declined 3.26%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

FAIRFAX, VA / ACCESS Newswire / March 19, 2025 / WidePoint Corporation (NYSE American:WYY), an innovative leader in enterprise cybersecurity and mobile technology, today announced a new Task Order award under the Spiral 4 contract vehicle from a combat support agency within the U.S. Department of Defense (DoD). The Task Order has an annual value of approximately $2.5 million and a period of performance of one base year with nine one-year option periods. The Task Order has a potential value of $25 million if all options are exercised. Through this Task Order, WidePoint will support the procurement and management of wireless devices that meet standard functionality requirements through its Managed Mobility Solutions. The service will extend to users located in all 50 U.S. states and 90 international countries, ensuring seamless connectivity and operational efficiency for personnel deployed in diverse environments.

WidePoint CEO Jin Kang, stated: "We are honored to be awarded this Task Order, WidePoint's first under the Spiral 4 contract. Our services will enhance the operational capabilities of our armed forces. This award illustrates WidePoint's expertise in providing tailored Managed Mobility Solutions through one of the most pivotal contract vehicles in the federal space."

WidePoint's Chief Operating Officer, Todd Dzyak, stated: "Spiral 4 provides a best value solution, and the required cybersecurity profiles, for the procurement and management of unclassified wireless mobility telecommunications services and devices. This Task Order exemplifies WidePoint's dedication to innovation and excellence in support of the U.S. military's mission. By ensuring access to reliable wireless devices, we are empowering our service members to perform their duties effectively, regardless of their location. We take pride in being a trusted partner to the DoD and are committed to delivering superior service through the Spiral 4 contract vehicle."

Kang added, "We look forward to working collaboratively with the combat support agency to deliver high-quality services and solutions that empower our service members with an additional focus on security, efficiency and minimizing cost."

About WidePoint
WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). For more information, visit widepoint.com.

WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
WYY@gateway-grp.com

SOURCE: WidePoint Corporation

View the original press release on ACCESS Newswire

FAQ

What is the total potential value of WidePoint's (WYY) new DoD contract?

The contract has a potential value of $25 million if all nine one-year options are exercised beyond the base year.

How many countries will WidePoint's (WYY) Managed Mobility Solutions cover under the new contract?

The services will cover all 50 U.S. states and 90 international countries.

What is the annual value of WidePoint's (WYY) new Spiral 4 Task Order?

The Task Order has an annual value of approximately $2.5 million.

What services will WidePoint (WYY) provide under the new DoD contract?

WidePoint will provide Managed Mobility Solutions, including procurement and management of wireless devices with standard functionality requirements.