ASHBURN, Va., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world's most security-conscious organizations, today announced it has received a task order on a single-award, indefinite-delivery/indefinite-quantity (IDIQ) contract from Air Combat Command's Directorate of Intelligence (ACC/A2) to modernize cybersecurity risk management across the Air Force Intelligence Community (AF IC).
The $34.3 million task order includes a five-month base period and four one-year option periods, with room to expand and add additional task orders. If all options are exercised, the total ceiling value of the IDIQ is $37,775,000.
Under the contract, Telos will implement Xacta.ai across AF IC security boundaries, helping establish a more comprehensive, data-driven cybersecurity assurance program. By applying artificial intelligence and automation to traditionally manual assessment and authorization activities, Xacta will help reduce administrative workload, improve accuracy and provide greater visibility into cybersecurity risk across the enterprise.
Telos will also configure and integrate Xacta with dependent systems to help operationalize Zero Trust principles, provide training to support workforce adoption, and deliver cybersecurity expertise aligned with Department of War workforce qualification requirements.
"The Air Force Intelligence Community operates in an extraordinarily complex and dynamic threat environment, where timely and accurate insight into cybersecurity risk is essential to mission success," said John B. Wood, chairman and chief executive officer, Telos. "We are proud to expand our support of the Air Force by delivering AI-powered capabilities that automate compliance activities, strengthen cybersecurity assurance and allow skilled personnel to focus more of their time on mission and emerging threats."
Xacta is Telos' cyber governance, risk and compliance (GRC) platform, designed to automate and streamline cybersecurity, compliance and risk management processes across complex enterprise environments. Xacta.ai extends these capabilities through artificial intelligence-powered automation and analysis, helping organizations accelerate compliance activities, improve decision-making and gain greater visibility into cybersecurity risk.
Learn more about Xacta and Xacta.ai at https://www.telos.com/offerings/xacta.
About Telos Corporation
Telos Corporation (NASDAQ: TLS) empowers and protects the world's most security-conscious organizations with efficient, adaptable, and secure solutions that safeguard people, systems, and information. We deliver advanced capabilities across cyber governance, risk, and compliance (GRC) with Xacta; identity and biometric solutions; secure networks and communications; and TSA PreCheck enrollment services. Serving the U.S. federal government, regulated industries, and global enterprises, Telos helps customers stay ahead of evolving threats, accelerate compliance, and achieve mission success. Driven by purpose and guided by our core values, we build trusted partnerships, deliver superior solutions, and help create a more secure, interconnected world. Learn more at https://www.telos.com/.
Forward-Looking Statements
This press release contains forward-looking statements which are made under the safe harbor provisions of the federal securities laws. These statements are based on the Company's management's current beliefs, expectations and assumptions about future events, conditions and results and on information currently available to them. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company believes that these risks and uncertainties include, but are not limited to, those described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" set forth from time to time in the Company's filings and reports with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2025, as well as subsequent and future filings and reports by the Company, copies of which are available at https://investors.telos.com and on the SEC's website at www.sec.gov.
Although the Company bases these forward-looking statements on assumptions that its management believes are reasonable when made, the Company cautions the reader that forward-looking statements are not guarantees of future performance and that the Company's actual results of operations, financial condition and liquidity, solution and contract performance, and industry developments, may differ materially from statements made in or suggested by the forward-looking statements contained in this release. Given these risks, uncertainties and other factors, many of which are beyond its control, the Company cautions the reader not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date of such statement and, except as required by law, the Company undertakes no obligation to update any forward-looking statement publicly, or to revise any forward-looking statement to reflect events or developments occurring after the date of the statement, even if new information becomes available in the future. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data.
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