CSC SIGNS $350 MILLION DESKTOP SUPPORT CONTRACT EXTENSION WITH RAYTHEON.Computer Sciences Corporation (NYSE NYSE See: New York Stock Exchange : CSC (Card Security Code) A three- or four-digit number printed on the back of credit cards for security purposes. Called "Card Verification Value" (CVV) by Visa, "Card Validation Code" (CVC) by MasterCard and "Card Identification (CID) by American Express and Discover, ) has announced that the desktop support portion of an existing outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. agreement with Raytheon Company has been extended for eight years. The contract extension has a projected revenue value to CSC of approximately $350 million. Under the agreement, which runs through January 2010, CSC will provide support for more than 26,000 desktops at selected sites in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). and Washington D.C. The new agreement will become part of a separate 1999 information technology (IT) services agreement, under which CSC manages a significant portion of Raytheon's IT infrastructure, including mainframes and data centers in Texas and Massachusetts; help-desk support serving 90,000 users; and network operations that include voice services and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. . "This agreement is a very positive milestone in our continuing relationship with Raytheon," said CSC Chairman, President and Chief Executive Officer Van B. Honeycutt. "It demonstrates the value of outsourcing to our clients and affirms our commitment to teaming with Raytheon in finding solid solutions to IT challenges." Computer Sciences Corporation, one of the world's leading consulting and IT services firms, helps clients in industry and government achieve strategic and operational results through the use of technology. The company's success is based on its culture of working collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. |
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