HUB Cyber Security secures $2M contract with Israeli Airports Authority

TLDR:

• HUB Cyber Security rose 16% in premarket trading after winning a $2 million contract with the Israeli Airports Authority.
• The three-year agreement includes supervision services and engineering design consultancy at all Airports Authority sites across Israel.

In a recent press release, HUB Cyber Security Ltd. announced that it had secured a new contract with the Israeli Airports Authority, causing its stock to rise by 16% in premarket trading. The three-year agreement, valued at around $2 million, will see HUB providing supervision services and engineering design consultancy at all Airports Authority sites across Israel. This contract positions HUB to monitor key components necessary for maintaining security and operational continuity at critical aviation sites nationwide. This latest development adds to the company’s recent growth, as it had previously jumped 39% after acquiring QPoint Technologies. HUB Cyber Security continues to show promising financial performance, making it a stock to watch in the cybersecurity sector.