Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 921 Fri. December 29, 2006  
   
Business


Siemens-IBM in $9b German accord


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 7.1 billion euros ($9.3 billion) over 10 years.

The project, codenamed "Herkules," foresees the modernization of the administrative information technology system and of communication networks for the German armed forces, the Bundeswehr.