Rebellion Defense Stock

Rebellion Defense, a software startup, has seen a shakeup in its leadership with co-founder Chris Lynch stepping down after nearly five years. The company has registered a 50% increase in its annual contract value this year. Meanwhile, satellite communications company Viasat has announced it will cut 800 jobs from its global workforce.

The Managed Security Services Provider (MSSP) market is witnessing various developments. Ostrich Cyber-Risk has joined the Cyber Risk Institute to enhance cybersecurity standardization. Deduce secured $9 million in funding to launch its GenAI Identity fraud solution. Rebellion Defense won a contract to provide automated penetration testing for PEO C3T. Trend Micro joined the Hacking Policy Council to advocate for best cybersecurity practices. Shell and MGM Resorts International reported cybersecurity breaches, while the US Cyber Command deployed a cyberwarfare team near Russia.

Rebellion Defense has secured a US Army contract to improve its penetration testing software under a Small Business Innovation Research Phase III effort. The software, Rebellion Nova, will be further developed to provide the Army Program Executive Office for Command, Control, Communications-Tactical with automated cyber red team testing.

Small technology companies are urging Congress to make amendments to facilitate easier acquisition, particularly involving Defense Department contracts. Three associations representing these firms have proposed changes such as a standard software-as-a-service definition, increased use of other transaction authority, and wider eligibility for the Small Business Innovation Research programs. They also suggest more venture capital participation in these programs.