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IBM signs $300 million IT deal with Emirates Airline
The logo of Dow Jones Industrial Average stock market index listed company IBM (IBM) is seen on a computer screen in Los Angeles, California, United States, April 22, 2016.
Reuters/Lucy Nicholson
IBM on Tuesday said it signed a $300 million, ten-year technology services agreement with Dubai’s Emirates Airline.
IBM will provide information technology services, allowing the airline to improve efficiency on its passenger support systems and functions, a statement from IBM said.
Under the managed services agreement, this will include assistance in encrypting the airline's data in near real-time and systems which allow different software components to communicate more effectively, the statement said.
In October 2015, IBM signed a $700 million deal with Abu Dhabi’s Etihad Airways for a range of IT services and infrastructure.
Emirates, the world’s fourth-largest carrier of international passengers reported a profit of $1.93 billion for the financial year to March 31, a jump of 56 percent over the year.
(Reporting by Stanley Carvalho; Editing by Louise Heavens)
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