Feb, 2002 : Global Crossing Bids To Secure Pentagon Network
📅 - Global Crossing Ltd. is still in the race for a lucrative contract securing the Pentagon's network, because the Pentagon relaxed the security requirements, the New York Times reported on Thursday.
Bermuda-based Global Crossing Ltd. (globalcrossing.com) originally won the contract, connecting 6,000 scientists working on military projects, last July. However Global Crossing's bankruptcy proceedings, which began in late January, sparked protest from competing bidders AT&T Corp., Qwest Communications International Inc., Sprint Corp. and WorldCom Group.
Global Crossings was the only competitor that did not meet the initial standard, stating that workers who manage the network have clearances to deal with secret information. When the Pentagon dropped this demand, Global Crossings re-entered the bid for the $450 million contract to providing the Defense Department with a network
The likelihood of the Global Crossings winning the contract is questionable, since it may be acquired by Hutchison Whampoa Ltd. of Hong Kong and a unit of Singapore Technologies in the near future.
Bermuda-based Global Crossing Ltd. (globalcrossing.com) originally won the contract, connecting 6,000 scientists working on military projects, last July. However Global Crossing's bankruptcy proceedings, which began in late January, sparked protest from competing bidders AT&T Corp., Qwest Communications International Inc., Sprint Corp. and WorldCom Group.
Global Crossings was the only competitor that did not meet the initial standard, stating that workers who manage the network have clearances to deal with secret information. When the Pentagon dropped this demand, Global Crossings re-entered the bid for the $450 million contract to providing the Defense Department with a network
The likelihood of the Global Crossings winning the contract is questionable, since it may be acquired by Hutchison Whampoa Ltd. of Hong Kong and a unit of Singapore Technologies in the near future.
Reads: 2211 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/gc022802.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!