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OFFON

VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications Inc. to Deliver 5G At 7 Air Force Reserve Command Installations

09/21/2021 | 08:56am EDT

The U.S. Department of Defense has selected Verizon Public Sector to deliver its 5G Ultra Wideband mobility service to seven Air Force Reserve Command installations. The bases are located in California, Florida, Massachusetts, New York, Ohio, Pennsylvania and Texas. The deployment will include c-band radios installed outdoors at each AFRC facility, bringing higher speeds, increased bandwidth and lower latency for the base personnel and the surrounding community. The award expands Verizon’s 5G portfolio with the federal government, and the U.S. Air Force specifically. Titled Offer to Lease 2b, the win builds on Verizon’s OTL 1a and b win in 2019 to provide wireless improvements to ten Air Force bases, which includes its work underway with Verizon 5G Ultra Wideband deployment at Tyndall Air Force Base in Florida. Through its involvement in the OTL program, Verizon is delivering 5G and other enhanced wireless network services across 17 Air Force bases throughout the United States. Verizon’s 5G network is helping U.S. military leadership pursue its most strategic digital transformation priorities. Air Force leadership is committed to leveraging technology to support a variety of innovations. This includes supporting flight line test equipment, animated simulation and training, full-motion, high-definition video to support telemedicine for its airmen, and ultra-fast artificial intelligence for biometric identification.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 133 B - -
Net income 2021 22 756 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 9,76x
Yield 2021 4,75%
Capitalization 221 B 221 B -
EV / Sales 2021 2,74x
EV / Sales 2022 2,73x
Nbr of Employees 118 500
Free-Float 96,5%
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Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | MarketScreener
Technical analysis trends VERIZON COMMUNICATIONS
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Mean consensus HOLD
Number of Analysts 29
Last Close Price 53,39 $
Average target price 59,70 $
Spread / Average Target 11,8%
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Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
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