EchoStar Awarded US Navy Wireless and Telecommunications Contract of Up to $2.7 Billion-March 2024-www.financetom.com

EchoStar Awarded US Navy Wireless and Telecommunications Contract of Up to $2.7 Billion

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EchoStar Awarded US Navy Wireless and Telecommunications Contract of Up to $2.7 Billion

May 15, 2024 6:26 AM

09:03 AM EDT, 05/15/2024 (MT Newswires) -- EchoStar ( SATS ) said Wednesday that it had been awarded an indefinite delivery, indefinite quantity contract to provide 5G wireless services and devices to support the usage of the US Department of Defense and other federal agencies in all 50 States and US Territories.

EchoStar ( SATS ) said its units, Hughes Network Systems and Boost Mobile, will jointly fulfil the contract, valued at up to $2.7 billion over the next 10 years.

The contract is part of the US Naval Supply Systems Command Spiral 4 wireless products and services purchasing program, which focuses on smartphone devices but also includes the possibility of additional devices such as tablets, IoT equipment, and other 5G-enabled devices.

EchoStar ( SATS ) said the program's base year begins this month and has nine one-year option periods through 2034.

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