EchoStar Reports Contract Period Of Performance Extension By DoD; ORAN-Based Private 5G Networks Extended Through 2025
Portfolio Pulse from Benzinga Newsdesk
EchoStar has received a contract extension from the Department of Defense (DoD) to extend the performance period of ORAN-Based Private 5G Networks through 2025. This extension includes the initial award for NASWI in 2021 and the expansion in Hawaii in 2022, with additional 5G enhancements.
March 18, 2024 | 11:05 am
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POSITIVE IMPACT
EchoStar's contract extension with the DoD for ORAN-Based Private 5G Networks through 2025 signifies continued trust and reliance on EchoStar's technology and services by the U.S. government.
The contract extension from the DoD to EchoStar for the ORAN-Based Private 5G Networks through 2025 is a significant endorsement of EchoStar's technology and services. This extension not only ensures continued revenue from a reliable source but also enhances EchoStar's reputation in the telecommunications and defense sectors. The inclusion of additional 5G enhancements suggests potential for further development and innovation in EchoStar's offerings, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
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