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IBM Just Signed This $300 Million Deal With Emirates Airline

Mobile World Congress - Day 1Mobile World Congress - Day 1
A logo sits illuminated outside the IBM pavilion on the opening day of the World Mobile Congress at the Fira Gran Via Complex on February 22, 2016 in Barcelona, Spain.David Ramos—Getty Images

IBM (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.