$WYY·8-K

WIDEPOINT CORP · Jun 25, 6:30 AM ET

Compare

WIDEPOINT CORP 8-K

Research Summary

AI-generated summary

Updated

WidePoint Corp Awarded DHS CWMS 3.0 Contract (~$3.1B IDIQ)

What Happened WidePoint Corporation (NYSE American: WYY) announced it was selected as the single awardee of the U.S. Department of Homeland Security’s Cellular Wireless Managed Services (CWMS) 3.0 contract on June 24, 2026. The award is an Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a one‑year base period and nine one‑year option periods, and a contract ceiling of approximately $3.1 billion. WidePoint will provide and manage an integrated portfolio of lifecycle management, connectivity, security, and operational solutions across all DHS components. The company issued a press release on June 25, 2026 (filed as Exhibit 99.1 to the Form 8‑K).

Key Details

  • Single awardee of DHS CWMS 3.0 (selection date: June 24, 2026).
  • Contract type: 10‑year IDIQ (1‑year base + nine 1‑year options).
  • Contract ceiling: approximately $3.1 billion.
  • Agreement includes customary government contract provisions (compliance, confidentiality, indemnification, termination); full contract text to be filed with the company’s next periodic report.

Why It Matters This award represents a sizable potential opportunity for WidePoint, providing a framework to compete for task orders across DHS over up to 10 years. The $3.1 billion ceiling signals a material addressable market under the agreement, but actual revenue will depend on issued task orders and exercised option years. For investors, the award increases WidePoint’s role and visibility in the federal managed‑services market and may affect future revenue and backlog as tasking under the IDIQ is issued and performed.

Loading document...