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Accenture bags $789 million IT contract from US Navy

by databiztimes.com
11 May 2024
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Accenture bags $789 million IT contract from US Navy
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DBT Bureau

Bengaluru, 10 May

Accenture Federal Services, a unit of global IT services & consulting giant Accenture, has won a ten-year contract worth $789 million from the US Navy maritime forces, the company said in a release.

According to the company, it will support the US Navy maritime forces to conduct unified cybersecurity operations across the SHARKCAGE environment, the Navy’s shared set of systems built to protect a single, common, continuous security perimeter.

“The role of cybersecurity in modern maritime military readiness has evolved and expanded. Network interconnectedness is essential to protecting critical US defense assets and sensitive military data,” said Rick Driggers, Accenture Federal Services managing director and cyber practice lead.

“Accenture Federal Services will help provide US Navy fleets with the enhanced attack sensing and warning capabilities that these times demand,” he said.

Under this agreement, Accenture Federal Services will provide the Navy’s Program Executive Office, Command, Control, Communications, Computers and Intelligence Program Manager, Warfare Cybersecurity with ashore and afloat SHARKCAGE systems.

These systems consist of integrated commercial and commercial off-the-shelf hardware and software configured to deliver defensive cyberspace operations analytics across Navy networks, including InformationTechnology-21, ONENet, and Navy/Marine Corps Intranet.

“Accenture Federal Services will support the U.S. Navy by empowering SHARKAGE with the ability to synthesize critical cyber event data from across its platforms and networks,” said Paul Ott, Accenture Federal Services managing director.

For the second quarter that ended February, Accenture clocked a revenue of $15.8 billion out of which consulting revenues were at $8 billion and managed services revenues were at $7.8 billion.

New bookings for the quarter were at $21.6 billion, with consulting bookings of $10.5 billion and managed services bookings of $11.1 billion. Accenture follows the September-August financial year cycle.

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