Air Force Awards DigitalNet System Networking Contract.Business Editors HERNDON, Va.--(BUSINESS WIRE)--June 1, 2004 DigitalNet (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DNET DNET Distributed.net DNET Dish Network DNET Dysembryoplastic Neuroepithelial Tumor DNET Dysembryoplastic Neuroectodermal Tumor DNET Distributed Network DNET Digital Network ), a premier provider of network computing Storing and/or running applications in servers in a network. See cloud computing and network computer. solutions, today announced that it was awarded the Air Force Material Command's Air Force System Networking (AFSN AFSN Air Force Service Number AFSN Air Force Spacetrack Network ) contract valued at $16 million. DigitalNet has provided network computing, software development and maintenance services to the Air Force Material Command since 1992. "This contract award is a testament to our core competencies and the quality of work that we provide to the Air Force," stated Rod Payne, Vice President of DigitalNet's Air Force East Operation. "DigitalNet is committed to support their IT requirements at the highest level." DigitalNet will continue to support the AFSN Program Office at the Standard Systems Group headquartered in Montgomery, Alabama Montgomery is the capital and second most populous city of the U.S. state of Alabama and the county seat of Montgomery County. Montgomery is notable for its historic involvement during the Civil War, for being the first capital of the Confederacy, and for being a primary site in , modernizing portions of the Air Force's worldwide network communication infrastructure. The company will provide management of Air Force classified and unclassified un·clas·si·fied adj. 1. Not placed or included in a class or category: unclassified mail. 2. data networks meeting mission requirements of all Air Force, Guard and Reserve activities worldwide. About DigitalNet DigitalNet designs, builds, integrates and manages enterprise network computing solutions that provide government organizations with sustainable operational efficiencies. With more than 30 years of experience, the company provides Strategic Consulting Services, Enterprise Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , Integrated Information Assurance Solutions and Application Development and Integration Services to a wide range of U.S. Government Agencies (including Defense and Intelligence Communities). We are focused on adding value to our clients by managing their mission critical IT systems to increase system reliability, availability and integrity while reducing overall costs. www.digitalnet.com The statements contained in this release which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, the forward-looking statements. The Company has attempted, whenever possible, to identify these forward-looking statements using words such as "may," "will," "should," "projects," "estimates," "expects," "plans," "intends," "anticipates," "believes," and variations of these words and similar expressions. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: funding decisions of U.S. Government projects; government contract procurement, option exercise and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain qualified employees; SEC rule changes or other corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. issues; material changes in laws or regulations applicable to the company's business and other risk factors described in the Company's 10K filed with the SEC on March 25, 2004. In addition, the statements in this press release are made as of June 1, 2004. The company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to June 1, 2004. |
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