Mar 17, 2022

Verizon secures contracts worth nearly $1 bln from U.S. defense department

Posted by in categories: business, internet, military

March 16 (Reuters) — Telecoms giant Verizon Communications Inc (VZ.N) said on Wednesday it had secured new business worth almost $1 billion from the U.S. Department of Defense to provide technical support and network modernization services.

The deal includes contracts for services to the Pentagon, the National Capital Region (NCR) and Fort Belvoir at a combined value of $966.5 million.

Verizon will provide internet-protocol-based services, voice and video services and network-related support aimed at accelerating the department’s digital pivot.

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