Please ensure Javascript is enabled for purposes of website accessibility

Hewlett-Packard Company Gets Homeland Security Cybersecurity Contract

By Patrick Morris - Feb 26, 2014 at 11:59AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Hewlett-Packard has been awarded a contract with the Department of Homeland Security worth nearly $33 million, as it continues its efforts to provide solutions to Federal agencies.

Today, Hewlett-Packard (HPQ -0.55%) announced it has received a cybersecurity contract awarded by the U.S. Department of Homeland Security to assist 33 different governmental agencies in their efforts to prevent network, system, and software vulnerabilities.

The contract is valued at up to $32.4 million, which, according to HP,  makes it the biggest security assurance tools software contract awarded as a part of the DHS Continuous Diagnostics and Mitigation (CDM) Blanket Purchase Agreement (BPA), which was first announced in August 2013.

"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," said Al Kinney, vice president, Cybersecurity Solutions Group, U.S. Public Sector, HP Enterprise Services, of the announcement.

As a part of the contract announced today, HP will provide licensing to the agencies for two of its enterprise security solutions products. HP Web Inspect is an automated tool that allows agencies to analyze their existing web applications and other services for possible vulnerabilities by its mimicking of hacking attacks. In addition, HP will provide its Fortify Static Code Analyzer, which scans software code to find potential vulnerabilities in the code.

The CDMBPA includes 17 vendors and has a total maximum value of $6 billion if all four options are exercised by the government. The program was created to solidify the cybersecurity strength of the various federal .gov networks in a cost-effective way. The five-year program is intended to allow the government to "address the rising volume and complexity of cyber threats."

Kinney concluded by noting, "As one of the first companies to begin work under the CDM program, HP is well positioned to help agencies enhance their security arsenal by performing analysis, reporting and threat mitigation on their core software assets."

link

Patrick Morris has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

HP Inc. Stock Quote
HP Inc.
HPQ
$34.31 (-0.55%) $0.19

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
402%
 
S&P 500 Returns
129%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/17/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.