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GDIT Awarded $299 Million Contract to Support Pentagon's Network Infrastructure

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General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), has been awarded a $299 million contract by the Defense Information Systems Agency (DISA) to support the Pentagon's network infrastructure. The contract, part of the Joint Service Provider Enterprise Transport Management-Next Generation (JSP ETM-NG) program, has a one-year base period with two six-month options.

Under this contract, GDIT will:

  • Continue operating and maintaining the Pentagon and National Capitol Region's network infrastructure, supporting over 55,000 customers
  • Optimize the IT environment
  • Improve the speed, security, and reliability of the network infrastructure

This partnership aims to enhance technological superiority for warfighters by providing a modern, secure, and reliable network.

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Positive

  • Secured a $299 million contract to support Pentagon's network infrastructure
  • Contract includes a one-year base period with two six-month options
  • Opportunity to optimize IT environment and improve network infrastructure
  • Continues long-standing partnership with DISA

Negative

  • None.

News Market Reaction 1 Alert

+0.78% News Effect

On the day this news was published, GD gained 0.78%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

FALLS CHURCH, Va., Sept. 19, 2024 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a $299 million contract to continue supporting the Pentagon's network infrastructure. The contract, awarded by the Defense Information Systems Agency (DISA) through the Joint Service Provider Enterprise Transport Management-Next Generation (JSP ETM-NG) program, has a one-year base period and two six-month options.

Under the program, GDIT will continue to operate and maintain the Pentagon and National Capitol Region's network infrastructure, which supports more than 55,000 customers. The company will also optimize the IT environment and improve the speed, security and reliability of the network infrastructure.

"Enhancing the Pentagon's network infrastructure will further advance technological superiority for our warfighters," said Brian Sheridan, GDIT's senior vice president for Defense. "We look forward to continuing our long-standing partnership with DISA and reimagining new ways to provide a modern, secure and reliable network."

GDIT is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics Information Technology is available at www.gdit.com. More information about General Dynamics is available at www.gd.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/gdit-awarded-299-million-contract-to-support-pentagons-network-infrastructure-302253620.html

SOURCE General Dynamics

FAQ

What is the value of the contract awarded to GDIT for Pentagon's network infrastructure support?

GDIT was awarded a $299 million contract to support the Pentagon's network infrastructure.

How long is the contract period for GDIT's Pentagon network infrastructure support?

The contract has a one-year base period with two six-month options.

What services will GDIT provide under the Pentagon network infrastructure contract?

GDIT will operate and maintain the Pentagon and National Capitol Region's network infrastructure, optimize the IT environment, and improve the speed, security, and reliability of the network.

How many customers does the Pentagon's network infrastructure support?

The network infrastructure supports more than 55,000 customers in the Pentagon and National Capitol Region.
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