Verizon Communications Inc.
VZ,
+0.50%
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
DJIA,
+1.82%
has fallen about 7%.
