WidePoint Stock Soars 50 Percent After Wins $500 Million Homeland Security Contract

Technology security company Widepoint was awarded the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 Contract valued at up to $500 million. The first CWMS contract was awarded to WidePoint in 2013. $WYY stock soared over 50% on the news, The new contract size is around 10 times the companies market cap.