Anteon Awarded Three Navy Contracts.Business Editors FAIRFAX, Va.--(BUSINESS WIRE)--April 15, 2002 Anteon Corporation, a leading information technology and engineering solutions company, announced today that it has been awarded three U.S. Navy contracts with a potential value of over $35 million if all options are exercised. Under this GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. contract, Anteon has been awarded a five-year (two-year base and three option years) blanket purchase agreement to support the Navy's Systems Acquisition Program Office. Anteon will provide engineering and management support in the areas of production, quality, planning, testing and evaluation, and acquisition pertaining to new construction, conversion, and system acquisition of the Aegis weapon and combat systems. The two-year base period is valued at $6.5 million with the entire contract having a potential value of $19 million if all options are exercised. Anteon also has been awarded a five-year (one-year base and four option years) task order to support the Navy's Seabased Midcourse mid·course n. 1. The part of a missile flight between the end of the launching phase and reentry, during which corrective maneuvers are made. 2. The middle point of a course or of a course of action. Ballistic Missile Defense Missile defence is an air defence system, weapon program, or technology involved in the detection, tracking, interception and destruction of attacking missiles. Originally conceived as a defence against nuclear-armed ICBMs, its application has broadened to include shorter-ranged Program Office (formerly the Theater Wide Ballistic Missile Defense Program Office). Under this task order, Anteon will provide systems engineering, technical assistance and consulting services. The potential value of the task order, if all options are exercised, is $8 million. As a subcontractor to Tecnico Corp., Anteon has been contracted to provide engineering and technical support to the Naval Ships Support Office. Anteon will provide support to current and future Navy modernization efforts, alterations and improvement programs. This support will include the development of shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. and shore-based modernization requirements and support for industrial plant procurement and installation. The value to Anteon if all options are exercised is estimated to be $8.5 million. Joseph M. Kampf, President and Chief Executive Officer of Anteon, said, "We have a long corporate history of supporting a wide range of U.S. Navy programs. We look forward to supporting the Navy's acquisition and modernization efforts under these and other Anteon contract efforts." Anteon Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Anteon International Corporation (NYSE NYSE See: New York Stock Exchange :ANT). Anteon Corporation, 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 information technology and systems engineering solutions company providing support to the federal government, commercial and international sectors for over 25 years. With FY 2001 revenue of $715 million, the Company has more than 5,400 employees in over 80 offices worldwide and frequently ranks among the top information technology integrators based on independent surveys. 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. For information concerning these risks and uncertainties, see Anteon's Securities and Exchange Commission filings. |
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