Verizon secures U.S. Department of Defense contract extension
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- Verizon (NYSE:VZ), on Monday, announced a 24-month task order extension for its Global Network Solutions contract with the U.S. Department of Defense.
- With this extension, the total revenue for the GNS contract, originally awarded in 2016, will now amount to over $98 million.
- The purpose of the extension is to create a point-to-point connection within Southwest Asia that provides critical network communications capabilities for the U.S. government.
- The multiple-award GNS contract is scheduled to be recompeted and awarded by 2026.