EDS' $8.8 billion contract to build a Navy intranet has been marred with delays Just two weeks after Electronic Data Systems Corp.’s (EDS) top brass declared its multibillion dollar outsourcing contract with the U.S. Navy under control, the company said Monday that the U.S. Securities and Exchange Commission (SEC) has requested information regarding the deal.The SEC has been investigating the IT service provider since 2002, when the company missed earning projections and took heavy losses on investment banking bets made on the value of its stock.The Plano, Texas, firm said Monday that the inquiry is “ongoing” and that the SEC obtained testimony and information in late 2003 and 2004, including “information relating to developments regarding the company’s Navy contract.” EDS’ massive contract to build an intranet for the Navy — recently valued at $8.8 billion — has been marred with delays and technical difficulties since it was awarded in 2000, prompting the company to take a $599 million write-down in deferred costs for the fourth-quarter of last year.News that the SEC is now scrutinizing the deal comes just weeks after EDS Chairman and Chief Executive Officer (CEO) Michael Jordan said that the company had finally gotten a grip on the project, which he characterized as “the elephant in the living room.”Speaking to financial analysts in New York last month, Jordan said that although the contract was “a mess,” the company now has a solid plan to take it forward. Representatives for the company were not immediately available to comment on the latest SEC development Tuesday.EDS’ stock (EDS) on the New York Stock Exchange dropped $0.15, or .78 percent, to $19 a share Monday. Software Development