NASA Signs HP Contract Worth $2.5 Billion

Hewlett-Packard Company (NYSE:HPQ) signed a contract with NASA that is valued at $2.5 billion. The $2.5 billion contract is good for the next 10 years. “It’s basically everything that’s plugged into the wall that’s IT,” stated NASA spokesman Michael Sweigart. “This contract combines some services on a number of different contracts across the agency.”

Although Lockheed Martin Corporation provides most of NASA’s services, this agreement does not include computer networks and data centers. “Our team is disappointed that NASA selected another solution,” said Lockheed spokeswoman Sheila Collins. “We submitted a ‘best-value’ solution based on our knowledge of the program and our understanding of NASA’s mission. We continue to serve NASA on other contracts.”

[Bloomberg]

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