Iron Mountain Inc., a global leader in information management services, has announced an update regarding its contract with the U.S. Department of the Treasury. The company has begun work on digitizing documents under the recently awarded contract and is utilizing its proprietary intelligent digitization solution. Additionally, the Department of the Treasury has issued a Request for Quotations (RFQ) for a long-term engagement to provide digitalization as a service, extending the scope and duration of the contract to five years. Iron Mountain, already engaged in the current project, plans to respond to the RFQ by the July 11, 2025 deadline, aiming to secure this expanded contract. The company continues to operate under the initial award, emphasizing the urgency of the government's requirements. Notably, Iron Mountain has not factored the potential benefits of this award into its 2025 financial guidance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.