Dallas, Texas 01/29/2014 (FINANCIALSTRENDS) – The S&P 500 index tracked domestic telecom services provider Windstream Holdings, Inc.(NASDAQ:WIN) announced last week that it has secured a much sought contract worth $1.6 million from the department of defence. This contract is expected to fun for a duration of five years and will involve supplying the Department of Defence of U.S high quality fibre optic connectivity infrastructure and services. This contract covers services for the three bases of Fort Sill in Lawton, Tinker Air Force Base and Kelly Field Annex. The telecommunications services provider boasting of a market cap of $4.44 billion will set up high speed network of 2.5 GB speed capable optic cables between these three bases and also refurbish the existing optic network in these military bases.
Commenting about the importance of this contract to Windstream Holdings, Inc.(NASDAQ:WIN), the company vice president for government solutions Mike Magliato has been quoted to have commented that, “We are thrilled to have been selected to design and deliver these fiber-optic networks to the heroes at Fort Sill, Tinker Air Force Base and Kelly Field Annex. Not only are we excited to be the fiber provider of choice for these important military establishments, we are proud to continue providing voice and data services to the United States government.”
It is important to note at this juncture that this is the second big contract that Windstream Holdings, Inc.(NASDAQ:WIN) has won from the department of defence in the recent times. The company had won a $12 million federal contract to supply full-fledged voice, data and internet connectivity and support services across its national network supporting the department of veteran affairs.
The stock price has settled in at $7.54 per share as of trading close on 27th January. At current price points it is trading 14 percent lower than its 52 week high price point.