This company just won a $1 billion dollar contract from DHS to protect US agencies from cyber attacks

Raytheon Co on Monday said a new five-year contract it won from the U.S. Department of Homeland Security to help more than 100 civilian agencies manage their computer security could be worth $US1 billion, a key win for the company.

Raytheon said DHS selected it to be the prime contractor and systems integrator for the agency’s Network Security Deployment (NSD) division, and its National Cybersecurity Protection System (NCPS). The contract runs for five years, but some orders could be extended for up to an additional 24 months, it said.

Dave Wajsgras, president of Raytheon Intelligence, Information and Services, said the company had invested over $US3.5 billion in recent years to expand its cybersecurity capabilities. He said cybersecurity incidents had increased an average of 66 per cent a year worldwide between 2009 and 2014.

(Reporting by Andrea Shalal; Editing by David Gregorio)

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This article originally appeared at Reuters. Copyright 2015. Follow Reuters on Twitter.

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