CSC, Kay Associates form C&K to pursue special operations business.FALLS CHURCH, Va.--(BUSINESS WIRE)--Oct. 14, 1996--Computer Sciences Corp. (NYSE NYSE See: New York Stock Exchange :CSC) and Kay Associates Inc., have announced the formation of C&K, a ``Partnership in Special Operations'' to pursue United States Special Operations Command The United States Special Operations Command (USSOCOM or USSOC) is the Unified Combatant Command charged with overseeing the various Special Operations Commands (SOC or SOCOM) of each branch of the U.S. military. The command is part of the U.S. (USSOCOM USSOCOM United States Special Operations Command ) contract opportunities. Announcement of the company, which will have headquarters in Lexington, Ky., was made during the 1996 annual meeting of the Association of the United States Army The Association of the United States Army (AUSA) is a private, non-profit organization which primarily acts as an advocacy group for the United States Army. Founded in 1950, it has 125 chapters worldwide. in Washington, D.C. ``C&K brings to the special forces community more than 70 years of combined experience in cost-effective logistics management, specialized operations and leading-edge technical support,'' said Jerry B. Hilmes, president, CSC's Applied Technology Division. ``Together, we combine the extensive resources and management expertise of a large information-technology corporation with the flexibility and agility of a dedicated mission company to deliver responsive logistical support now and into the 21st century.'' As the majority partner, CSC has appointed Thomas E. Eggers to head the new company. Eggers is a former deputy commander in chief of the USSOCOM at MacDill Air Force Base MacDill Air Force Base is a United States Air Force base in Hillsborough County, Florida, eight miles south of downtown Tampa at the tip of the Interbay Peninsula. It also has city district status due to the fact that the base is technically within the city limits of Tampa. , Fla., and commander of the Air Force Special Operations Command Air Force Special Operations Command (AFSOC) was established 22 May, 1990,with headquarters at Hurlburt Field, Fla. AFSOC is a United States Air Force (USAF) major command and is the air component to the United States Special Operations Command (USSOCOM), a unified command at Hurlburt Field, Fla. ``Military planners today deserve the best management practices and operational capabilities to reduce costs and increase readiness,'' said Greg Kay, president of Kay & Associates. ``This objective is the very charter of C&K.'' ``In the near term, C&K will concentrate on winning USSOCOM's Special Operations Forces Those Active and Reserve Component forces of the Military Services designated by the Secretary of Defense and specifically organized, trained, and equipped to conduct and support special operations. Also called SOF. Support Activity (SOFSA) contract to provide maintenance and modification facility support to aircraft and equipment of the Special Operations Forces,'' said Eggers. ``We feel we combine the right capabilities, from hands-on flightline maintenance to computer network operations Computer Network Operations (CNO) is a U.S. military doctrinal term which comprises computer network attack, computer network defense, and related computer network exploitation enabling operations. , to deliver responsive quality support tailored to the ever-changing requirements of the SOF mission.'' SOFSA is responsible for the critical rapid response, and joint logistical support to USSOCOM facilities in Lexington and Richmond, Ky., and at 12 additional U.S. sites. Since its founding in 1960, Kay & Associates has provided military-equipment maintenance and other specialized technical services to governments and industrial customers. The company operates from its headquarters in Chicago as a family-owned and -operated business with annual sales of $60 million and more than 1,000 employees around the world. CSC had $5 billion in revenues for the 12 months ended June 28, 1996, including revenues from the recently acquired Continuum Co., Austin, Texas, which have been combined with CSC's revenues because the acquisition is accounted for as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . CSC has headquarters in El Segundo and has nearly 40,000 employees in more than 600 offices worldwide providing clients with a wide range of professional services, including management consulting, business re-engineering, information-systems consulting and integration, and outsourcing. CONTACT: Computer Sciences Corp. John F. Gulick, 703/641-2588 Robert Pickard, 310/615-0311 |
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