Anteon Awarded $33.2M Contract by the U.S. Naval Sea Systems Command to Support Combat System Acquisition; Anteon Provides Program Management Support to the PEO Ships Acquisition Management Directorate.FAIRFAX, Va. -- Anteon International Corporation (NYSE NYSE See: New York Stock Exchange :ANT), a leading information technology and systems integration and engineering company, today announced that it has been awarded a contract by the U.S. Navy to provide acquisition management support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for the Program Executive Office for Ships, Acquisition Management Directorate (PEO SHIPS AM) at the Washington Navy Yard The Washington Navy Yard is the former shipyard and ordnance plant of the United States Navy in Washington, D.C. The yard currently is a ceremonial and administrative center for the U.S. . The estimated value of this contract, if all options are exercised, is $33.2 million over five years. "Anteon's technical experience and domain expertise run deep within the U.S. Navy's shipbuilding programs and we are proud to support NAVSEA NAVSEA Naval Sea Systems Command NAVSEA Naval Avionics Support Equipment Appraisal through our new work with PEO SHIPS," stated Dan Johnson Dan Johnson may refer to:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Directly aligning our technical expertise with the Navy's mission is a clear differentiator for Anteon; our customer-focused program management expertise will help SHIPS AM Directorate deliver its products." Under the contract, Anteon will provide an integrated and experienced mix of technical, acquisition, and financial personnel who will assist PEO SHIPS in executing its planning, financial, equipment acquisition, production and program management, and business planning missions. PEO SHIPS provides the U.S. Navy with a single, platform-focused organization that concentrates knowledge, management skills, and buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. for the acquisition and modernization of all non-nuclear surface ships. PEO SHIPS' oversight responsibilities encompass research, development, systems integration, construction, lifetime support, and transfer of current and future surface combatant The Future Surface Combatant was the projected successor to Type 22 and Type 23 frigates in service of the British Royal Navy until the programme's de facto cancellation in late 2004. , amphibious, and auxiliary ships. About Anteon Anteon, headquartered in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. , is a leading systems integrator, providing information technology and engineering solutions to the U.S. Federal government and international customers. Anteon designs, integrates, maintains, and upgrades state-of-the-art systems for national defense, intelligence, homeland security, and other high priority government missions. Anteon also provides many of its government clients with the systems analysis, integration, and program management skills necessary to manage the development and operations of their mission critical systems. The Company was founded in 1976 and currently employs over 9,200 employees in more than 100 offices worldwide. Anteon consistently ranks among the top information technology integrators based on independent surveys, and has been named to the Forbes List of the 400 Best Big Companies in 2005, earning distinction on the Forbes Platinum List. Anteon is listed on the Standards & Poor's MidCap 400 Index. For more information, visit www.anteon.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under 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: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "projects," "anticipates," "believes," "estimates," "expects," "plans," "intends," and similar expressions. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. The risks and uncertainties involving forward- looking statements include the Company's dependence on continued funding of U.S. government programs, government contract procurement and termination risks, including risks associated with bid protests, and other risks described in the Company's Securities and Exchange Commission filings. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time. The Company does not currently intend, however, to update the guidance provided today prior to its next earnings release. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion