Verizon Bags $495M DoD Contract For Research Network

Verizon Communications Inc’s VZ Verizon Public Sector has won a $495 million contract from the U.S. Department of Defense (DoD) to deliver a next-generation, high-bandwidth, low-latency, Layer 2 vast area network in support of critical research.
Verizon’s managed services solutions will create a next-generation user experience for research teams with the DREN platform and enhance security across the network.
DREN is a high-speed fiber-optic network that connects military supercomputers and multi-disciplinary teams of researchers to collaborate in scientific research, engineering, and testing efforts for the DoD.
Price action: VZ shares traded lower by 0.04% at $56.64 in the premarket session on the last check Thursday.

Overview Rating:

Speculative

0100