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German military tasks Siemens-IBM consortium with modernizing IT systems

German military tasks Siemens-IBM consortium with modernizing IT systems

The German military said Thursday it has tasked a consortium run by Siemens AG and IBM Corp. with modernizing and running much of its communication network, awarding a contract worth some euro7.1 billion (US$9.3 billion) over 10 years.
The project, codenamed "Herkules," foresees the modernization of the Bundeswehr's administrative information technology system and of its communication networks in Germany.
According to a statement from the military, that covers more than 140,000 computer work stations, 7,000 servers, 300,000 telephones and 15,000 mobile phones.
Siemens Business Services and Armonk, New York-based IBM's German unit jointly will hold 50.1 percent of a company being founded with the German government, named BWI Informationstechnik GmbH, to carry out the project.
The federal government will hold the remaining 49.9 percent.
Shares of Siemens were up nearly 1.2 percent to euro75 (US$98.69) in Frankfurt trading after the announcement while shares of IBM were up 1.5 percent to close at US$97.10 (euro73.79) on the New York Stock Exchange Wednesday.
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http://www.siemens.com
http://www.ibm.com
(mpm)


Updated : 2020-11-30 20:14 GMT+08:00