Verizon Wins Defense Order Extension Contract: Will the Stock Benefit?

Verizon Communications Inc. (VZ) recently announced a two-year extension to its Global Network Solutions contract with the Department of Defense (DoD), bringing the total revenues for the contract, initially awarded in 2016, to over $98 million. The extension will focus on establishing a critical point-to-point network connection within Southwest Asia, providing essential communications capabilities for U.S. government operations. The task order is aligned with the DoD's initiatives to phase out Time Divisi ...