Oct 5, 2022 9:26 am | 1 minute read
- Verizon Communications Inc vz bagged $1.58 billion, 10 years new Enterprise Infrastructure Solutions (EIS) Contract.
- Verizon would modernize the global communications infrastructure and provide IT services for each Department of State’s (DOS) US embassy, consulate and other key international locations.
- Also read: AT&T, Comcast, Verizon and others join government’s broadband plan for low-income businesses
- The contract covers the implementation and management of network solutions for the ministry’s non-domestic presence, including Asia, Africa, the Middle East and South America.
- Verizon Public Sector has received EIS work contracts from the federal government, including recent wins with the Federal Bureau of Investigation and the US Department of Defense.
- Maggie Hallbach, SVP, Public Sector at Verizon said, “For more than three decades, we have served the Department of Defense and other national security and civilian customers with global critical infrastructure and communications.”
- In September, the Department of Defense awarded Palantir Technologies Inc PLTR A $229 million deal to develop and deliver artificial intelligence and machine learning capabilities to the Special Forces, Joint Staff and all branches of the US Forces.
- Price promotion: VZ shares traded 0.73% lower at $39.52 on the latest premarket check Wednesday.
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