75.3 F
San Diego
Wednesday, Sep 28, 2022
-Advertisement-

Navy Enlists IBM in Accounting Project

The Navy has asked IBM for help in streamlining its business processes under a new contract that, with options, could extend to five years and $135 million.

While a majority of the work will be done in the Washington, D.C., area, IBM said some of its financial experts and subcontractors will do work in San Diego.

The company is still assessing the scope of the project so the number of new jobs it brings to San Diego is not yet unavailable, said William Ray, IBM’s senior location executive here. IBM employs 300 people in San Diego.

IBM will not bring electronics to the table as much as expertise.

- Advertisement -

A new $35 million contract calls on IBM’s Business Consulting Services unit to provide experts in finance, accounting and business-process transformation. The deal is for one year. Options, if exercised, would take the work to 2010 and make the deal worth $135 million.

The Navy estimates that the job will take 1 million hours of labor.

Brad Graves

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-