Verizon Wins FAA Technology Deal Worth up to $2.4 Billion

Verizon Wins FAA Technology Deal Worth up to $2.4 Billion
People walk past a Verizon store in Manhattan's Midtown neighborhood in New York on May 2, 2017. Bebeto Matthews/AP Photo
The Associated Press
Updated:

WASHINGTON—The Federal Aviation Administration has awarded Verizon Communications a contract potentially worth $2.4 billion to upgrade the agency’s technology systems.

The FAA said Verizon will build a network that includes secure communications and administrative services. If the FAA exercises all options in the deal, the contract would run for 15 years and reach the full potential value, according to an agency spokeswoman.