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Pentagon Helping BlackBerry Ltd (NASDAQ:BBRY) Rise From The Ashes

Boston, MA 01/22/2014 (wallstreetpr) – If BlackBerry Ltd (NASDAQ:BBRY) was dead and buried as others had claimed, the company is fast coming back to life. And there are all indications that this time around it is going to be a real thorn in the flesh of Apple Inc (NASDAQ:AAPL) and Samsung Electronics, the leading smartphone manufacturers.

Last year the U.S. Defense Department announced that it would switch its mobile communication platform to that offered by BlackBerry Ltd (NASDAQ:BBRY). It is a well-known fact that BlackBerry Ltd (NASDAQ:BBRY) offers the most secure mobile communication and this was seen as the reason the Pentagon was making the switch.

Lion’s share

Implementation of that announcement which came around November last year is now expected to start this month. It is expected that BlackBerry Ltd (NASDAQ:BBRY) will provide 80,000 phones to Pentagon while additional 1,800 phones and tablets will be based on Apple Inc (NASDAQ:AAPL)’s iOS and Google Inc (NASDAQ:GOOG)’s Android operating systems.

This means that BlackBerry Ltd (NASDAQ:BBRY) will account for about 98 percent of the devices used in the new Pentagon mobile communication network.

This contract is expected to boost BlackBerry Ltd (NASDAQ:BBRY)’s revenue and the aftermath of this development has already started revealing in the stock whereby it rose 8.2 percent Monday, its biggest rise since December 20. The stock is up more than 37 percent this year.

More business

The latest Pentagon contract is just one of the many opportunities which have started trickling in for BlackBerry Ltd (NASDAQ:BBRY) since it fell into the hands of a new management team. Just this week a German tech firm Datev placed an order of 1,000 BlackBerry phones.

The company is trying to use the good reputation it enjoys in the provision of high-end and secure communication network to boost revenue. The company is now targeting military organizations, governments and banks which obviously seek communication in the high-end side.

It is toward this end that BlackBerry Ltd (NASDAQ:BBRY) announced installation of world-class security center in Washington DC that will enable it to better serve security-oriented clients.

Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.

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