Hewlett-Packard (NYSE:HPQ) won a $32.4 million cyber security contract on Wednesday from the U.S. Department of Homeland Security to provide software security product licenses for 33 federal civilian government agencies.
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The agreement comes as the U.S. government continues to struggle to defend itself against hackers, as evidenced by a breach of the Department of Energy last year that led to the loss of sensitive information on 104,000 people.
“In today's technology-based society, there is nothing more important than protecting our nation's cyberspace so citizens will have continuous and secure access to services," Al Kinney, vice president of H-P’s cybersecurity solutions group, said in a statement.
H-P is one of the first companies to begin work under the DHS Continuous Diagnostics and Mitigation government-wide Blanket Purchase Agreement program. The five-year, multi-vendor program is aimed at helping the U.S. meet the rising volume and complexity of cyber threats.
The contract announced on Wednesday calls for H-P to help 33 agencies prevent network and system vulnerabilities. The company plans to provide licenses for two enterprise security solutions: H-P WebInspect, an automated web application security and penetration testing tool; and HP Fortify Static Code Analyzer, which scans source code to identify causes of software vulnerabilities.
Shares of Palo Alto, Calif.-based H-P ticked up 0.23% to $29.95 ahead of Wednesday’s opening bell. H-P has rallied about 7% in 2014 and more than 50% over the past 12 months.
Last week, H-P logged a 16% jump in quarterly profits that exceeded expectations on Wall Street thanks to rising personal systems revenue and declining expenses.