Telos Corporation offers solutions that empower and protect the world’s most security-conscious enterprises. We protect our customers’ information assets on-premises and in the cloud so they can safely conduct their global missions. We empower them with secure solutions that leverage mobile communication, organizational messaging, and identity management. We serve commercial enterprises, the military, civilian and intelligence agencies of the U.S federal government, and allied nations around the world.
19886 Ashburn Rd, Ashburn, VA 20147
CategoryEnterprise Software & Network Solutions
Our business performance continues to be heavily affected by the overall level of U.S. government spending and the alignment of our solutions with the priorities of the U.S. government. U.S. government spending and contracts continue to be affected by the federal budget, and appropriations process and related legislation. Congress could not agree on fiscal year (“FY”) 2023 appropriations legislation before the start of the fiscal year on October 1, 2022. As a result, the entire federal government operated for nearly three months under the terms of a continuing resolution (“CR”), which only permitted agencies to spend at FY 2022 appropriations levels without any adjustments for the dramatic increase in inflation we have seen over the past year. Moreover, federal departments and agencies were generally precluded from moving forward on new contract starts or accelerating current projects while they were funded by a CR. Congress finally reached an agreement and completed action in late December on an omnibus appropriations package to fund the entire federal government through the remainder of FY 2023.