3 MAY 2019 ADDITIONAL NEW CONTRACT WITH U.S. FEDERAL GOVERNMENT WhiteHawk awarded Cyber Sub-Contractor role on a seven year contract with U.S. Federal Government department Chief Information Officer (CIO) Highlights • An additional new U.S. Federal Government Contract has been won. Final delivery specifications are being scoped with the prime contractor and the U.S. Federal Government Department • The contract is the third U.S. Federal Government contract win by WhiteHawk, with each contract being for a separate Federal Department • The contract won by the Prime is for 7 years (1 year with 6 option years), and valued at US$28M (~A$40M). The contract is for technical and management oversight to Performance, Mission Responsiveness, Risk Management, and Supply/Procurement Management • WhiteHawk’s portion is expected to be between US$150K to US$300K (~A$214KA$428K) for each year. • Work by WhiteHawk will commence this month under this contract
The contract will commence mid-month, with customer evaluation for optional expansion and extension after a base year. The quantum of the WhiteHawk subcontract is expected to be between US$150K to US$300K (~A$214k-A$428k) for each year. Optional future expansions by the U.S. Government may increase the scope of WhiteHawk’s services.
WHK Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
