Global Crossing Goes to War

Global Crossing Government Markets wins US Defense Department contract valued at $137 million, possibly $400M

July 11, 2001

1 Min Read

WASHINGTON, D.C. -- Global Crossing Government Markets, a unit of Global Crossing Ltd. (NYSE: GX - news), today announced that it has been selected by the U.S. Department of Defense (DoD) to provide advanced wide area network services for its Defense Research and Engineering Network (DREN). The contract has a three-year base with seven one-year options and is valued at $137 million with the potential to exceed $400 million over the contract life. "The advanced, state-of-the-art capabilities of our worldwide network played an indispensable role in DREN's choice of Global Crossing to meet the Defense Department's critical connectivity needs and applications," said Paul Kayatta, president, Global Crossing Government Markets. "This DREN agreement represents a significant opportunity for Asia Global Crossing and Global Crossing to service the U.S. government and underscores the company's commitment to helping governments worldwide meet their communication and connectivity needs." Global Crossing Ltd.

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