CSC wins $113 million contract to support DOD accounting unit.FALLS CHURCH, Va.--(BUSINESS WIRE)--Oct. 3, 1996--Computer Sciences Corp. (NYSE NYSE See: New York Stock Exchange :CSC) has been awarded a contract to provide integrated technical support services in support of the Defense Finance and Accounting Service The Defense Finance and Accounting Service (DFAS), an agency of the United States Department of Defense, provides finance and accounting services for the military and other members of defense. In FY 2004, DFAS:
Under the terms of the contract, CSC will support Defense Finance and Accounting Service (DFAS DFAS Defense Finance & Accounting Service (US DoD) DFAS Decorative and Fine Arts Society (The Hague, Holland) DFAS Dark Field Alignment System DFAS Department of Fisheries and Aquatic Sciences ) financial systems activities and operating locations throughout the United States. The indefinite delivery/indefinite quantity task-order contract contains a base value of $24 million and a cumulative value of $113 million if all options are exercised over a five-year period. CSC will provide hardware migration and installation, systems modernization, maintenance, technology, documentation, training, quality assurance, project management, and economic and risk analysis. The services will directly support more than 200 DFAS automated information systems as well as ongoing software process improvement initiatives. The contract will be performed by CSC's Integrated Systems Division and involve several hundred software engineers, financial analysts and other information technology specialists. DFAS-FSO provides software development and maintenance for finance and accounting systems operated by DFAS and the U.S. Marine Corps. In addition, the agency provides technical support at DFAS headquarters in Arlington, Va., and to DFAS locations in Indianapolis, Cleveland, Columbus, Pensacola, Denver and Kansas City. "This contract complements both the Joint Computer-aided Acquisition Logistic Support contract and the Defense Enterprise Integration Support contract CSC is now performing for the Department of Defense," said Milton E. Cooper, president of CSC's Systems Group. "Working together, these contracts create a dynamic synergy which should speed the process as DFAS and other DOD (1) (Dial On Demand) A feature that allows a device to automatically dial a telephone number. For example, an ISDN router with dial on demand will automatically dial up the ISP when it senses IP traffic destined for the Internet. agencies move to electronically link their modernized systems." Teaming with CSC are UNISYS (Unisys Corporation, Blue Bell, PA, www.unisys.com) An information technology company that was created in 1986 as a merger of the Burroughs and Sperry corporations. At that time, it was the largest merger of computer manufacturers in history. Federal Systems Division, McLean, Va.; Grant Thorton LLP LLP - Lower Layer Protocol , Vienna, Va.; JP Associates Inc., Fairfax, Va.; Ventura Technology International, Indianapolis, Ind.; Diverse Technologies Corp., Clinton, Md.; DSD (Direct Stream Digital) See SACD. Laboratories, Sudbury, Mass.; and Barquin and Associates, Bethesda, Md. CSC had $5 billion in revenues for the 12 months ended June 28, 1996, including revenues from the recently acquired Continuum Co., 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, Calif., 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 reengineering, information systems consulting and integration, and outsourcing. -0- NOTE: The Computer Sciences Web site is located at http://www.csc.com. CONTACT: Computer Sciences Corp. John Gulick, 703/641-2588 Robert Pickard, 310/615-0311 |
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