U.S. Coast Guard Awards Verizon Business $66 Million Enterprise Infrastructure Solutions Task Order

Rhea-AI Summary

Verizon Business has secured an 8-year Enterprise Infrastructure Solutions (EIS) task order from the U.S. Coast Guard worth up to $66 million. The contract involves providing Wi-Fi, phone, data, and other services to the Coast Guard's C5I office.

The scope includes phasing out legacy TDM services and implementing cellular-based POTS replacement for voice communications, along with Contact Center as a Service (CCaaS) with IL-4 security solutions. While the base task order is 12 months, it can extend to eight years.

This adds to Verizon's portfolio of federal contracts, including a $2.67 billion U.S. Navy contract, a $1 billion Pentagon network overhaul, and a $78 million Naval District Washington modernization contract.

Positive

• Secured new $66 million contract with U.S. Coast Guard
• Contract duration extendable up to 8 years
• Demonstrates strong position in federal contracts portfolio
• Expands presence in high-security government infrastructure services

Negative

• None.

News Market Reaction

-0.30%

1 alert

-0.30% News Effect

On the day this news was published, VZ declined 0.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WASHINGTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The U.S. Coast Guard has awarded Verizon Business an 8-year Enterprise Infrastructure Solutions (EIS) task order worth up to $66 million over the life of the contract. Under this agreement, Verizon will provide Wi-Fi, phone, data, and other services to the U.S. Coast Guard’s C5I (Command, Control, Communication, Computer, Cyber, and Intelligence) office.

Verizon will be partnering with the Coast Guard to phase out end-of-life TDM services, implementing solutions like a cellular-based POTS replacement for essential voice communications. This includes offering Contact Center as a Service (CCaaS), delivering secure IL-4 (Impact Level 4) software-based solutions for Coast Guard call centers.

“The U.S. Coast Guard task order is yet another example of the strong relationship Verizon enjoys with a number of federal agencies, to include the Department of Homeland Security (DHS), the Department of Defense (DoD), the Department of Veterans Affairs and more” said Michael Adams, associate vice president for federal civilian services at Verizon. “The trust placed in Verizon by the federal government is indicative of the reliability and security of our enterprise solutions.”

While the base task order spans 12 months, it may extend up to an eight-year period of performance. Verizon will deliver EIS services, including internet protocol service (IPS), broadband internet service (BIS), internet protocol voice service (IPVS), toll-free service, managed network services, managed security services, contact center services, and related equipment.

Verizon has earned the trust of the U.S. Armed Forces through a number of contract wins, including a 10-year, $2.67 billion multiple award contract with the U.S. Navy, a $1 billion DoD engagement to overhaul the Pentagon’s network, and a $78 million digital modernization contract with Naval District Washington.

For more information on Verizon’s work across the public sector, visit our website.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media Contact:
Geoffrey Basye
202-748-1882
geoffrey.basye@verizon.com

FAQ

What is the value of Verizon's (VZ) new Coast Guard contract?

Verizon Business has been awarded a $66 million Enterprise Infrastructure Solutions task order from the U.S. Coast Guard.

How long is VZ's new Coast Guard contract duration?

The contract has a base period of 12 months but can extend up to 8 years.

What services will Verizon (VZ) provide to the Coast Guard under the new contract?

Verizon will provide Wi-Fi, phone, data, Contact Center as a Service (CCaaS), and other services including managed security and network services to the Coast Guard's C5I office.

What other major federal contracts does Verizon (VZ) currently hold?

Verizon holds several major federal contracts including a $2.67 billion U.S. Navy contract, a $1 billion Pentagon network overhaul contract, and a $78 million Naval District Washington modernization contract.