WhiteHawk hooks contract with US Defense Industrial Base company

WhiteHawk ASX WHK US defense industrial base cyber risk security
WhiteHawk has increased its penetration across key US sectors via this latest contract with a US top 12 Defense Industrial Base company.

WhiteHawk (ASX: WHK) has forged yet another contract with this latest deal paving the way for the company to provide its 360 Cyber Risk Framework to a US top 12 Defense Industrial Base company – boosting WhiteHawk’s penetration across key US sectors.

The unnamed company has tasked WhiteHawk with implementing its comprehensive cyber risk solution which includes a software as a service subscription, as well as online and consulting services for supply chain business risk awareness and mitigation, alerts, and ongoing monitoring in real-time.

“The US Defense Industrial Base is a top cyber target and its supply chain companies are often the weak link when not effectively monitored and notified of those risks and then provided enablement to address them continuously and in real-time,” WhiteHawk executive chair Terry Roberts explained.

Under the contract, WhiteHawk’s cyber risk solution will be rolled out across up to 50 supply chain companies that support the Defense Industrial Base company’s current and future government contracts.

The contract will be undertaken in two phases and is worth about US$400,000.

In addition to the continuous monitoring, alerts and mitigation, WhiteHawk will provide the supply chain companies with cyber security risk ratings, cyber security risk profiles and score cards.

Meanwhile, WhiteHawk has also reported it has extended its contract with a prominent US financial institution.

The six-month contract extension is expected to bring in an extra US$250,000 in revenue for WhiteHawk, which will provide continuous cyber security monitoring, alerts and migration across the financial institution’s supply chain companies.

According to WhiteHawk, its contracts with US government, financial, healthcare, utilities and defense sectors is part of the country’s push to boost supply chain resiliency nation-wide.

Less than a month ago, WhiteHawk announced it had increased its service offering to small and medium businesses after partnering with Clarke & Sampson Insurance.

The partnership enables WhiteHawk to connect its customers to cyber liability quotes and policy options via and online portal.

Lorna has more than 10 years' experience as a finance journalist and editor. She has written for numerous industry publications reporting on various sectors, including: resources, energy, construction, biotech, pharma, science and technology, agriculture, and chemicals. Specialising in resources, Lorna has also covered a myriad of small and large cap ASX and dual-listed stocks.