Telos (TLS) said Wednesday it has been selected as a prime contractor for the US Navy's SeaPort Next Generation contract, under which it will be able to bid on task orders until 2028.
SeaPort NxG is the US Navy's integrated and mandatory approach to contracting for professional support services, the company said.
Combined with previous positions on blanket purchase agreements and indefinite delivery and quantity contracts, Telos said that Seaport NxG will provide access to compete for new business representing a $35 billion addressable market.
Price: 3.24, Change: -0.02, Percent Change: -0.46
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.