General Dynamics Secures $299 Million for Pentagon Network Upgrade
General Dynamics Awarded $299 Million Contract for Network Services
General Dynamics Information Technology (GDIT), a vital division of General Dynamics (NYSE: GD), has recently been granted a substantial contract valued at $299 million. This contract is focused on bolstering the Pentagon's network infrastructure, ensuring that its services are both reliable and secure.
Contract Details and Objectives
The contract was awarded by the Defense Information Systems Agency (DISA) through a program known as the Joint Service Provider Enterprise Transport Management-Next Generation (JSP ETM-NG). It comprises an initial one-year base period, supplemented by two six-month options which allow for continued support.
Operational Scope and Impact
This initiative allows GDIT to maintain and operate the vital network infrastructure that serves more than 55,000 users within the Pentagon and the National Capital Region. Continuous optimization of the IT environment is also a key objective, aimed at enhancing the speed, security, and overall reliability of the services provided.
Leadership Insights
Brian Sheridan, GDIT's senior vice president for Defense, stated, "Enhancing the Pentagon's network infrastructure will further advance technological superiority for our warfighters. We look forward to continuing our long-standing partnership with DISA and reimagining new ways to provide a modern, secure and reliable network." This sentiment reflects a commitment to innovative solutions that prioritize the needs of military personnel.
About GDIT and General Dynamics
General Dynamics, a global leader in aerospace and defense, is known for its extensive range of services and products, which include business aviation, land combat vehicles, and a variety of advanced technology solutions. The company employs a workforce of over 100,000 individuals worldwide and reported an impressive revenue of $42.3 billion in its recent fiscal year. GDIT plays a crucial role in delivering comprehensive tech solutions within this expansive sector.
Future Developments
As GDIT embarks on this contract, it is well-positioned to drive advancements that align with national security initiatives. The modernization of network services will not only enhance operational efficiencies but may also provide pathways for future tech contributions in defense sectors.
Frequently Asked Questions
What is the purpose of the contract GDIT received?
The contract, valued at $299 million, aims to support and upgrade the Pentagon's network infrastructure to ensure secure and reliable operations for its users.
How long is the contract scheduled to last?
The contract includes a one-year base period, with two optional extensions of six months each, allowing for sustained support and optimization.
What is the expected impact of this contract?
The enhancements aim to improve the speed, security, and reliability of network services for more than 55,000 customers in the Pentagon and surrounding areas.
Who is Brian Sheridan?
Brian Sheridan is the senior vice president for Defense at GDIT, and he expressed optimism about the advancements this contract may bring to the military network infrastructure.
What are General Dynamics’ core services?
General Dynamics offers a comprehensive range of products and services, including military and business aviation, ship construction, land combat vehicles, and advanced technology solutions.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Boardwalktech and HCLTech Transform Financial Risk Management
- Discover the Pre-registration for Bybit's Physical Card
- Septerna Initiates Promising Clinical Trial for SEP-786
- Calian Group Partners with Microsoft for Cloud Cybersecurity Solutions
- Flow Beverage Corp. Set for Key Investor Conference Engagement
- Marqeta Sets Date for Third Quarter Financial Results Call
- UCB Reports Groundbreaking Two-Year Efficacy Data for BIMZELX
- Alpha Omega Celebrates Innovative Win in Digital Transformation
- UBS Reiterates Buy Rating for Ovintiv: Growth Prospects Ahead
- MP Materials: Strategic Growth and Optimism for Future Gains
Recent Articles
- Jones Walker Welcomes New Partners and Associates to Firm
- Resecurity Welcomes Darrell M. Blocker as Senior Advisor
- Engaging the Youth: A Campaign for Global Impact and Change
- Elanco's Zenrelia: A New Era in Canine Dermatitis Solutions
- Heartland Express Marks a Transition with Loss of Key Director
- EPRT Reaches Record High with Stellar Growth Ahead
- Southern First Bancshares Insider Transactions: What You Need to Know
- New York Times Tech Guild Strike Approval Signals Change
- BMO Capital Markets Increases S&P 500 Forecast for 2024
- Reaves Utility Income Fund Director Boosts Stake with Purchase
- Darden Restaurants: Analyzing Recent Stock Movements
- Impact of Fed Rate Cuts on the Housing Market Landscape
- Sunrun's CEO Mary Powell Shines as a Sustainability Innovator
- Investors Team Up for New Grifols Board Representation
- Triple Crown Assurance Co. Receives Strong Ratings from AM Best
- Compagnie Centrale de Réassurance Receives Stable Credit Ratings
- Empowered Conversations: Women’s Health and Leadership Unite
- Gladstone Land (NASDAQ: LANDO) Surges to New Market Heights
- S.Y. Bancorp (SYBT) Excels with Record Stock Growth
- Celebrating Seven Years: Developers.net's Anniversary Offers
- Elanco Unveils Zenrelia™: A Breakthrough in Canine Dermatology
- McKinley Architecture and Engineering Celebrates Growth and Awards
- Travelzoo Strengthens Leadership with New Accounting Officer
- Magma Power LLC Secures Pioneering Patent for Geothermal Innovation
- Ducommun Achieves Record Stock Price with 48.86% Growth
- Axon Enterprise Achieves Historic Stock Surge Amid Growth
- Northern Trust Stock Reaches New Heights: Key Insights and Updates
- Cargojet Inc. Sees Significant Stock Decrease and Challenges
- CNO Financial Surges to Unprecedented Stock Price Milestone
- Camden Property Trust Achieves Record 52-Week High of $127.25
- Tesla and AMD Make Waves Among Stock Market Giants
- James Owens Sells Over $1 Million in Donaldson Co Shares
- Coca-Cola's Bold $1 Billion Investment Plan in Nigeria's Future
- Understanding Hewlett Packard Enterprise's Market Momentum
- Hut 8 Corp's Exciting Partnership Paves Way for Growth
- The Future of Trump Media: Stake Sales and Market Challenges
- Significant Client Loss Sinks Progyny (PGNY) Stock Price
- Disney Signs Exclusive Deal with Spider-Man's Director Watts
- NorthEast Community Bancorp Boosts Dividends for Shareholders
- Exciting New Developments in Tesla's Wireless Charging Patent
- Greg Harden's Insights on Achieving Athletic Greatness and Beyond
- Indiana's Economic Growth Surges with Record Investments
- Leadership Changes at Village Super Market Highlight Growth
- NIO's Growing Workforce: 40% From Tesla’s Store Managers
- Goldenlinx Celebrates Launch on Nasdaq In Times Square
- NorthEast Community Bancorp Boosts Cash Dividends for Shareholders
- Understanding United Parcel Service's Recent Options Activity
- Morten Opstad Reveals Voting Rights Ahead of Key Meeting
- Exploring Amgen's Recent Options Activity and Market Outlook
- Coca-Cola's Options Activity Insights Spark Investor Interest