BUZZ-Telos rallies 25% after $12.5 bln U.S. Air Force contract win

** Telos Corp TLS.O shares jump as much as 25.2% to $3.62 on Tues after cybersecurity firm awarded $12.5 bln contract from U.S. Air Force for base infrastructure modernization

** Stock last up 19.6% at $3.46

** TLS said early Tues contract seeks to modernize, operate and maintain infrastructure on all Department of the Air Force locations

** Contract awarded through competitive process, and the work to be performed globally and expected to be completed by Aug 15, 2034, co said

** It added some task orders could be extended past 2034

** On Aug 9, TLS shares plunged ~47% to $2 after co reported widening qtrly loss and rev decline

** With move on the session, shares off ~5% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))