BearingPoint Wins $37 Million Contract to Support Critical U.S. Navy Enterprise-Wide IT Systems.

MCLEAN, Va. -- BearingPoint, Inc. (NYSE:BE), one of the world's largest management and technology consulting firms, has been awarded a contract worth up to $37 million to provide program management and other critical support to the Navy's Project Executive Office-Enterprise Information Systems (PEO-EIS), which develops, acquires and deploys seamless enterprise-wide information technology systems to the Navy's warfighter and business enterprise operations. The contract has a base-year value of $7.5 million plus four annual options.

The contract will include:

* Comprehensive Program Management support functions

* Financial Management support

* Acquisition support

* Contract support services 

* Management and maintenance of business tools

The Navy's PEO-EIS was established in February 2006 to oversee critical IT programs for the Navy, including the Navy Marine Corps Intranet (NMCI), Navy Enterprise Resource Planning, Base-Level Information Infrastructure/OCONUS Navy Enterprise Network, Total Force Authorizations and Requirements System, Navy Standard Integrated Personnel System, Global Combat Support System-Marine Corps, Sea Warrior and the Navy Manpower and Personnel Systems.

As the PEO-EIS continues to execute its charter as the Navy's acquirer of enterprise information technology solutions, BearingPoint will develop and implement common program management processes to promote consistent and standardized management of cost, risk, schedule and performance. This support will provide the PEO with a strong foundation to meet its goals for acquisition management of software-intensive systems, and deliver IT capabilities to the warfighter in a cost-efficient manner.

"The Navy's PEO-EIS must effectively deliver services and solutions in support of many critical IT programs throughout the organization," said Mark Goulart, senior vice president of BearingPoint's Department of Defense business. "BearingPoint has tremendous experience with Navy enterprise IT in general, supporting dozens of ongoing projects, and we look forward to applying our expertise and knowledge to assist the Project Executive Office in meeting its mission."

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees, and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. For more information, visit the Company's website at www.BearingPoint.com.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.