This is approximately 60 percent savings over current prices. Over the past few years we've reinvented our agency to provide better services and products to our customers at lower costs. We are investing in high technology to provide the Federal workforce with the latest and the best tools to help them accomplish their missions. As our Federal customer agencies improve service to their customers with technology, these new capabilities and prices will materially help them work better and cost less. We will continue to look to American industry to lead the way with products and services that we will buy using aggressive competition.
All companies involved in the first round can compete in the final rounds.
Additionally, the two companies will continuously compete against each other for government business over the 8-year life of the program. We have done this by leveraging the government's combined business needs in the marketplace. The best of American industry is involved in this competition, and we are very pleased with the high-quality proposal put forth by Sprint. In a very tough competition, they have done a magnificent job. I am particularly proud of the tremendous work by our FTS staff and the many involved customers who have gotten us to this point.