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Verizon wins $966.5 million in Department of Defense business

Mount Equity Group Tokyo Japan > News > Business > Verizon wins $966.5 million in Department of Defense business

Verizon Communications Inc.
said Wednesday that the U.S. Department of Defense has awarded its public-sector unit three task-order awards worth $966.5 million. Verizon will be responsible for providing network-modernization services and technical-support services for the Pentagon, the Department of Defense’s National Capital Region, and Fort Belvoir. Through the largest task order, valued at $515.3 million, Verizon will work with the Department of Defense to move the Pentagon’s military and civilian populations “from copper-based telephony to advanced internet protocol (IP)-based services,” the company said in a release. Shares of Verizon were ahead 0.5% in premarket trading Wednesday. They’re near flat on a three-month basis as the Dow Jones Industrial Average
has fallen about 7%.

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