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Stock impact report

DoD Extends Contract for ORAN-based Private 5G Networks through 2025 [Yahoo! Finance]

EchoStar Corporation - Common stock (SATS) 
Last echostar corporation - common stock earnings: 2/20 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.echostar.com/investors
Company Research Source: Yahoo! Finance
ENGLEWOOD, Colo. March 18, 2024 /PRNewswire/ -- Today, EchoStar (Nasdaq: SATS) announced the contract period of performance extension by the Department of Defense (DoD) Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)) FutureG Office, for the continued deployment of standalone 5G networks at Joint Base Pearl Harbor-Hickam (JBPHH) in Hawaii and at the Naval Air Station Whidbey Island (NASWI) in Washington State . The contract extension builds on the award for NASWI in 2021 and additional expansion in Hawaii in 2022, extending both through 2025 with additional 5G enhancements. EchoStar is a premier supporter of the use of Open Radio Access Network (ORAN) in DoD networks and recently won a $50M NTIA grant to build an ORAN test center. "The award extension demonstrates the value of this multi-vendor solution and follows the successful launch of the 5G network at Naval Air Station Whidbey Island – the first 5G ORAN at a U.S. DoD base," said Dr. Rajeev Gop Show less Read more
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