Verizon secures contracts worth nearly $1 billion from U.S. defense department

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The deal includes contracts for services to the Pentagon, the National Capital Region (NCR (NYSE:NCR)) and Fort Belvoir at a combined value of $966.5 million.

Verizon will provide internet-protocol-based services, voice and video services and network-related support aimed at accelerating the department’s digital pivot.

The company said it would also help plan, design and implement network upgrades and provide new equipment to the Pentagon.

Shares of Verizon rose 0.5% in premarket trading.