Siemens, IBM Win German Armed Forces IT Deal
By: Reuters
IBM and Siemens have been commissioned by the German armed forces to oversee a 7.1 billion-euro ($9.3-billion), 10-year IT modernization project, the two companies confirmed on Thursday.
The U.S. computer services group and the German industrial conglomerate are equal partners in a consortium that will run the project, and together they hold 50.1%. The German government holds the remaining 49.9%.
Sources had told Reuters that IBM and Siemens could sign the contracts by the end of the year.
IBM and Siemens have been commissioned by the German armed forces to oversee a 7.1 billion-euro ($9.3-billion), 10-year IT modernization project, the two companies confirmed on Thursday.
