Telstra Corporation Limited
(ASX:TLS) has inked a $1.1 billion contract with Defence for the provision of telecommunications services.
The six-and-a-half year contract will enable Defence to transform its communications technology including better integrating fixed lines with satellite and tactical networks.
Telstra Chief Executive Officer David Thodey says the contract with Defence will draw on the company’s long history of serving government customers and its experience in large scale network transformations.
Mr Thodey says the agreement is the largest customer undertaking in Telstra’s history and will support military operations in Australia and abroad.
The Defence network transformation project has a target completion date of mid 2016.
Telstra generated a net profit of $1.6 billion in the first half of the 2013 financial year.
