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Electronic Data Systems

(EDS)

received a contract with a potential value of $9 billion to link hundreds of separate Navy and Marine Corps computer networks into a single, seamless system.

The system would be designed to be less vulnerable to cyberattacks on shore and at sea. The news, announced after Friday's close, pushed shares of EDS up to $47.50 in after-hours trading, after closing at $40.63.

The company beat

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in acquiring what Navy Secretary Richard Danzig called the largest such contract ever awarded by the government. The new system is expected to be fully operational by June 2003.