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IBM Signs $300 Million IT Deal with Emirates Airline

IBM on Tuesday said it signed a $300 million, 10-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.

An Airbus A380 aircraft of Deutsche Lufthansa takes of passing over an Airbus A380 aircraft of Emirates at the ILA International Air Show in Schoenefeld south of Berlin
An Airbus A380 aircraft of Deutsche Lufthansa takes off over an Airbus A380 aircraft of Emirates near Berlin. REUTERS/Fabrizio Bensch REUTERS

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.