IronNet has booked a contract from the U.S. Navy after the company completed a pilot run of its cybersecurity technology offering for Naval Sea Systems Command.
The pilot test saw NAVSEA implement the Collective Defense Platform, designed to help organizations gain visibility of network security risks and share threat indicators, the company said Tuesday.
Keith Alexander, founder and CEO of IronNet and previous Wash100 Award winner, noted the contract presents the company an opportunity to support 17 customers across the defense industrial base and expand its footprint at the Navy.
The agreement could bring in $1.2 million in annual recurring revenue for IronNet and seeks to interconnect participants in NAVSEA’s DIB program through a private community.
IronNet cited a National Defense Industrial Association report in February 2022 that showed DIB IT vulnerabilities have increased by 263 percent since 2016.
NAVSEA’s pilot initiative with the company confirmed that small- and medium-sized businesses participating in DIB are soft targets of cyber attacks.
