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Verizon Enters $400M Modernization Global Data Bandwidth Contract With FBI – $VZ $DIA

By John F. Heerdink, Jr.

Reportedly, Verizon’s (VZ) Public Sector team has signed up for Enterprise Infrastructure Solutions task order with the Federal Bureau of Investigation (FBI) for over $400 million to help the agency meet increasing demands for data bandwidth around the globe successfully. 

Verizon’s EIS task order with the Bureau involves 24/7 direct access to Verizon’s IT development team to address critical problems and discuss potential system enhancements, allowing the FBI to support applications, such as imaging transmissions, cloud computing, video, and data applications driving demand for dynamic bandwidth capacity.

“We understand the critical nature of the work we will do with the FBI to improve network availability, enhance operational efficiency, use tailored approaches to meet individual division needs, and help modernize technology. Building on nearly 20 years of partnership with the Bureau, this next phase will provide stable solutions and a modern network that is faster, more scalable and secure that will help the FBI achieve its mission,” stated Maggie Hallbach, Senior Vice President, Public Sector at Verizon.

The Verizon Public Sector team will integrate mission-critical technologies and processes into the FBI’s existing IT infrastructure to meet the agency’s specific service requirements and ensure maximum network availability and continuity of services at critical FBI locations.

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ) and track its progress, please visit the Vista Partners Verizon Communications Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Verizon awarded over $400M modernization contract with FBI in GlobeNewswire)


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