NARF Industries PLC on Tuesday said it accelerated the commercialisation of its Social Cyber segment after being awarded a major US military contract.
The London-based cybersecurity company has been awarded a $1.3 million contract to implement its social engineering threat intelligence solution into the United States Air Force’s Platform One Iron Bank project.
NARF Industries shares were up 14% at 0.97 pence each in London on Tuesday morning.
‘Iron Bank provides container hardening standards and transparency into container images used within the Platform One ecosystem. These standards and transparency are available to the Department of Defense community to enable a secure software supply chain for all software engineers. These packages are used in systems throughout the DOD digital infrastructure, including command and control operations, weapon systems, and global logistics operations,’ NARF said
The integration of NARF’s solution aims to protect against advanced cyberattacks that employ social engineering tactics to introduce malware and takeover open-source software projects.
Chief Executive Officer Steve Bassi said: ‘In February, we identified Social Cyber as a leading candidate in our R&D portfolio for commercialization. By May, we announced plans to accelerate this work in response to a significant global cyber threat incident. In June, we outlined a strategic plan that included a crucial milestone: achieving near-term validation of demand from a major customer.
‘I am proud to report that our team has achieved this milestone months ahead of schedule. With this validation, we are now swiftly moving forward with engagements from additional customers and partners to reinforce our leadership in these multi-billion-dollar cybersecurity market segments.’
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