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

1. WYY secured a $2.5 million Task Order from the U.S. DoD. 2. The contract includes one year plus nine optional renewal periods.

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$3.6803/19 09:17 AM EDTEvent Start
$3.6503/20 03:34 PM EDTLatest Updated
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FAQ

Why Bullish?

A $2.5 million contract from the DoD enhances WYY's revenue visibility. Historical contracts in defense often positively influence stock prices, as seen with similar companies.

How important is it?

The contract represents a significant revenue source, reinforcing WYY's market position. Its association with the U.S. DoD adds credibility and growth potential.

Why Long Term?

The contract spans multiple years, providing stable revenue and growth potential. Long-term contracts typically contribute to sustained investor confidence.

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LMTNOCHII
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.

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