Arnold AFB Exercises General Physics Corporation's Three Year Option in the Pressure and Hazardous Material Systems Certification Contract.Business Editors ELKRIDGE, Md.--(BUSINESS WIRE)--March 25, 2004 General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE NYSE See: New York Stock Exchange :GPX GPX - Early system on UNIVAC II. Listed in CACM 2(5):16 (May 1959). ), has been notified that the U.S. Air Force at Arnold Air Force Base, Tennessee exercised an option in its Pressure and Hazardous Material Systems (PHMS PHMS Patrick Henry Middle School PHMS Pan Head Machine Screw PHMS Pleasant Hills Middle School (Pennsylvania, USA) PHMS Pig Health Monitoring Scheme PHMS Palm Harbor Middle School (Palm Harbor, Florida) ) Certification contract with GP to extend the period of performance under the contract from October 18, 2004, through October 17, 2007. The overall contract value, including the option period, is now estimated to be approximately $11,245,706. GP was awarded this third contract in 1999, and has been the PHMS Certification contractor at Arnold Engineering Development Center Arnold Engineering Development Center (AEDC), located on Arnold Air Force Base in the U.S. state of Tennessee, is the most advanced and largest complex of flight simulation test facilities in the world. (AEDC AEDC Arnold Engineering Development Center (Tullahoma) AEDC American Economic Development Council AEDC Anchorage Economic Development Corporation AEDC Antarctic Environmental Data Centre (UK) ) since 1989. Through the PHMS Contract, GP provides engineering, inspection, and configuration management services to ensure that the facility infrastructure can meet mission requirements safely. About AEDC AEDC is the nation's largest complex of flight simulation test facilities. The $7.5 billion complex has some 58 aerospace test facilities located at Arnold Air Force Base, TN, and the center's remote operating location Hypervelocity Tunnel 9 in White Oak, MD. The test facilities simulate flight from subsonic sub·son·ic adj. 1. Of less than audible frequency. 2. Having a speed less than that of sound in a designated medium. subsonic Adjective to hypersonic speeds at altitudes from sea level to space. Additional information may be found at, www.arnold.af.mil. About GP GP is the principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of GP Strategies Corporation (NYSE: GPX). GP is a global provider of training, e-Learning solutions, management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and engineering services, improving the effectiveness of organizations by customizing solutions to meet the specific needs of clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information about GP may be found at www.gpworldwide.com. The forward-looking statements contained herein reflect GP Strategies' management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of GP Strategies, including, but not limited to the risks and uncertainties detailed in GP Strategies' periodic reports and registration statements filed with the Securities and Exchange Commission. |
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