Fergie's Tech Blog

EDS Granted $3 Billion Extension on Navy Network Contract

Ellen McCarthy writes in The Washington Post:

Electronic Data Systems Corp. said yesterday that the Navy had extended for three years its contract to build and manage a massive internal military network, adding about $3 billion to the value of a money-losing project that has dragged down the company's earnings.

EDS was originally picked to build the Navy Marine Corps Intranet in 2000 in a deal expected to be worth about $6.8 billion. The contract, which called for EDS to consolidate more than 1,000 individual networks, was riddled with challenges and delays almost from the start.

posted by Fergie @ 3/25/2006 10:06:00 AM