ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Verizon Public Sector wins Federal Aviation Administration Enterprise Network Services (FENS) Contract

WASHINGTON, March 31, 2023 (GLOBE NEWSWIRE) -- Verizon Public Sector today announced a 15-year critical infrastructure contract with the Federal Aviation Administration (FAA) worth over $2 billion to design, build, operate and maintain the FAA’s next-generation communications platform.

Under the terms of the Federal Aviation Administration Enterprise Network Services (FENS) contract, Verizon will build the FAA a dynamic, highly available and secure enterprise network to support all of the agency's mission critical applications across the National Airspace System (NAS), which includes providing Air Traffic Management (ATM) to more than 45,000 flights and 2.9 million airline passengers traveling across the more than 29 million square miles that make up the U.S. national airspace system.

“This is an incredible opportunity for Verizon to lead the nation’s largest government transportation agency through a telecommunications infrastructure transformation that utilizes the latest advances in technology and networking solutions,” said Kyle Malady, Verizon Business CEO. “From dynamic services and bandwidth provisioning, to improved insight and visibility into network service configuration and operation, we are excited to help the FAA with a robust solution that will benefit the National Airspace System and administrative users alike.”

Malady added: “With our team of recognized, proven partners, Verizon has expanded our core competencies, enabling us to meet the evolving needs of the NAS and the FENS contract requirements.”

Erik Smith, President and CEO of Saab in the U.S., said, “We are thrilled to be teamed with Verizon on this project. Nobody is better prepared to provide a secure and reliable network of this scale. With Saab’s FAA, air traffic management, and system wide information management (SWIM) experience, our team is ready to help the FAA evolve toward their information-centric operations vision.”

“Frequentis is proud to partner with Verizon on the FENS program with our high-availability network equipment. We are looking forward to supporting Verizon’s FENS team in its evolution of the FAA’s network infrastructure,” said Dieter Eier, President of Frequentis USA.

Verizon's network solution is designed for the future with an array of new capabilities to meet the next generation of applications with greater bandwidth requirements. The communications infrastructure supports air and ground safety for passenger, freight and selected Department of Defense flights via three separate networks, one for NAS, one for administrative and one for research and development.

FENS is the successor to the FAA Telecommunications Infrastructure (FTI) contract, which was implemented in 2002 to provide consolidated telecom services for the 5,000 facilities and 30,000 circuits in the NAS. By extension, FENS will serve as the primary means for FAA's telecommunications services and forms the basic infrastructure for the Next Generation Air Transportation System, or NextGen.

Additionally, the new enterprise platform managed by Verizon will provide the FAA with features such as dynamic service provisioning and reconfiguration, survivability, on-demand Service Flow routing to deliver higher security, faster performance and a flexible, more seamless user experience. Verizon also will provide an extensive set of support services including program management, network engineering, configuration management, test and evaluation (T&E), service ordering and provisioning, network and security management and operations.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

Media contact:
Geoff Basye
202-748-1882
geoffrey.basye@verizon.com


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.