Lumen Lands U.S. Army Reserve Network Contract
The U.S. Army Reserve Command has awarded Lumen Technologies (NYSE: LUMN) a contract worth $23 million to provide Virtual Private Network (VPN) services across over 650 Army Reserve locations.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The U.S. Army Reserve Command has awarded Lumen Technologies (NYSE: LUMN) a contract worth $23 million to provide Virtual Private Network (VPN) services across over 650 Army Reserve locations. This 11-year task order includes an initial year and ten options. The contract was awarded under the General Services Administration's $50 billion Enterprise Infrastructure Solutions program. Lumen's services will enhance remote access for Army Reservists, supporting critical operations.
Positive
- Secured a $23 million contract from the U.S. Army Reserve Command.
- Contract spans 11 years with options for future extensions.
- Enhances Lumen's portfolio in government contracting, specifically in networking services.
Negative
- None.
Details
News Market Reaction – LUMN
The recorded move for LUMN in the trading session of this news was -0.17%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WASHINGTON, Dec. 9, 2021 /PRNewswire/ -- The U.S. Army Reserve Command (USARC) recently selected Lumen Technologies (NYSE: LUMN) to provide Virtual Private Network (VPN) services, including remote access solutions, to more than 650 Army Reserve locations across the country.
"Our secure, high-speed networking services will help Army Reservists accomplish their mission wherever they are," said Zain Ahmed, senior vice president, Lumen public sector. "Lumen is providing the Army Reserve with modern networking services, including remote access solutions, that enable them to conduct important operations that help keep America safe."
The 11-year task order, which has an initial term of one year with 10 one-year options, is worth
Lumen supplies government agencies with innovative adaptive networking, edge cloud, connected security and collaboration solutions over its carrier-class fiber network. The company provides the platform for IT modernization that delivers the security and reliability agencies need to carry out their important missions.
Additional Resources
- Learn more about Lumen recently winning a U.S. Army Recruiting communications contract:
https://news.lumen.com/2021-07-22-Lumen-Wins-U-S-Army-Recruiting-Communications-Contract - Learn more about Lumen recently winning a U.S. Navy JAG Corps connectivity contract:
https://news.lumen.com/2021-05-11-Lumen-Wins-U-S-Navy-JAG-Connectivity-Contract - Learn more about our U.S. Department of Defense Learning Network contract award:
https://ir.lumen.com/news/news-details/2020/CenturyLink-Wins-Department-of-Defense-Learning-Network-EIS-Award/default.aspx - Learn more about how Lumen is supporting the public sector here:
https://www.lumen.com/public-sector.html - Learn more about CenturyLink's transformation to Lumen here:
https://news.lumen.com/2020-09-14-CenturyLink-Transforms-Rebrands-as-Lumen-R
About Lumen
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences. Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Learn more about Lumen's public sector capabilities on Twitter at @lumengov and on LinkedIn at @lumenpublicsector. Lumen and Lumen Technologies are registered trademarks in the United States.
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SOURCE Lumen Technologies
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