Verizon Business secures new 5-year agreement with the U.S. Department of Agriculture (USDA)
Rhea-AI Summary
Verizon Business has secured a new 5-year agreement with the U.S. Department of Agriculture (USDA), valued at $21 million in the first year. The contract will provide wireless services and service-enabled devices supporting over 60,000 lines of service, with potential for mobile broadband expansion across USDA field offices. The partnership aims to enhance USDA's connectivity capabilities nationwide, supporting its mission in modern agriculture and rural development through improved data management, streamlined operations, and enhanced decision-making capabilities.
Positive
- Secured new 5-year government contract worth $21M in first year
- Large-scale deployment covering 60,000 lines of service
- Potential for additional revenue through mobile broadband expansion
Negative
- None.
News Market Reaction
On the day this news was published, VZ gained 0.66%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Award funded at
WASHINGTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon Business has been awarded a new agreement with the United States Department of Agriculture (USDA), valued at over
The agreement will enable the USDA to enhance its connectivity capabilities across the nation, supporting over 60,000 lines of service. Verizon will deliver wireless services and service enabled devices. The contract also creates the potential for mobile broadband (MBB) for connected laptops across the agency’s numerous field offices. USDA’s partnership with Verizon Business will help to ensure that the USDA can operate with cutting-edge technology wherever its mission takes it.
The USDA's mission is more critical than ever as it leverages technology to meet the demands of modern agriculture and rural development. By integrating advanced connectivity solutions, the USDA is better equipped to manage vast amounts of data, streamline operations, and make informed decisions that impact food security, agricultural productivity, and rural communities. This partnership underscores the USDA’s commitment to harnessing technology to drive efficiencies and improve service delivery across the nation, from enhancing precision agriculture practices to ensuring timely disaster response and resource management.
“We’re proud to partner with the USDA to deliver advanced connectivity solutions that will enhance their operations and drive innovation across the agency,” said Michael Adams, vice president for federal civilian services at Verizon. “This contract not only reflects the USDA’s trust in Verizon’s capabilities but also highlights our shared commitment to leveraging technology in ways that directly support the agency’s critical mission.”
Verizon Business is a leading provider of communications services to the U.S. federal government and one of the largest providers of advanced communications and information technology services globally.
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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
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Media contact:
Geoffrey Basye
geoffrey.basye@verizon.com
202-748-1882
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