IBM receives $46 million Air Force contract modification

Investing.com - International Business Machines Corp. (NYSE: IBM) received a $46,240,505 contract modification from the U.S. Department of War to continue advisory and assistance support for resource allocation and Civil Engineering programs.

The firm-fixed-price and time-and-materials modification brings the total cumulative face value of contract FA7014-24-F-0210 to $155,546,455 from $109,305,950. The Air Force District of Washington Contracting Directorate at Joint Base Andrews, Maryland, issued the modification.

Work will be performed at Washington, D.C., and is expected to be completed by July 2, 2029. The company is based in Reston, Virginia.

Fiscal 2026 operation and maintenance funds in the amount of $37,329,561 are being obligated at the time of award. The contract supports optimization of resource allocation and Civil Engineering programs for the Air Force.

The modification represents the 26th change to the original contract awarded in 2024.

You May Also Be Interested In

• Walmart to pay $1.4 billion for Vibe.co acquisition - WSJ
• IBM (IBM) PT Raised to $267 at Morgan Stanley
• JPMorgan Upgrades IBM (IBM) to Overweight