CSC wins $200 million Treasury contract.EL SEGUNDO, Calif.--(BUSINESS WIRE)--June 29, 1995--Computer Sciences Corp. (NYSE NYSE See: New York Stock Exchange :CSC) has been named one of 12 vendors to provide information-processing support services to the Department of the Treasury and other Treasury bureaus. Total value of the five-year, task-order contract is $995 million. CSC's share is valued at $200 million. The Treasury Information Processing Support Services (TIPSS) contract will support the Treasury Department, Internal Revenue Service (IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. ) and Treasury bureaus. The IRS will be the primary agency using the contract to support its ongoing Tax Systems Modernization effort. CSC will provide information systems, engineering, telecommunications and security services to help the IRS move from mainframe, paper-based systems to new distributed workstations. Work will be performed by CSC's Systems Engineering Division, based in Falls Church, Va. Teaming with CSC are I-NET in Bethesda, Md., specializing in telecommunications services; Software Control International (SCI (Scalable Coherent Interface) An IEEE standard for a high-speed bus that uses wire or fiber-optic cable. It can transfer data up to 1GBytes/sec. (hardware) SCI - 1. Scalable Coherent Interface. 2. UART. ) in Arlington, Va., providing information engineering; and Comrise in Holmdel, N.J., offering information-systems services. The TIPPS contract will support the IRS at four regional offices, 33 district offices, three computing centers, 23 customer-service sites and five submission-processing locations. Treasury Department bureaus to be supported include the Office of the Secretary; the Bureau of Alcohol, Tobacco and Firearms; the Comptroller of the Currency Comptroller of the Currency A government official, appointed by the President of the United States, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. ; the Customs Service; the Bureau of Engraving and Printing Noun 1. Bureau of Engraving and Printing - the agency of the Treasury Department that produces currency Department of the Treasury, Treasury Department, United States Treasury, Treasury - the federal department that collects revenue and administers federal ; the Federal Law Enforcement Training Center Noun 1. Federal Law Enforcement Training Center - a center in the Department of that trains law enforcement professionals for more than seventy federal agencies FLETC ; the Financial Management Service; the United States Mint; Bureaus of the Public Debt; the Secret Service; and the Office of Thrift Supervision The Office of Thrift Supervision (OTS) was established as a bureau of the Treasury Department in August 1989 as part of a major Reorganization Plan of the thrift regulatory structure mandated by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (12 U.S.C.A. . Computer Sciences Corp. had $3.4 billion in revenues for the 12 months ended March 31, 1995. The company has headquarters in El Segundo and 33,000 employees in 575 offices worldwide. CSC provides 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., El Segundo Bruce Plowman, Mary Rhodes or Spencer Davis 310/615-0311 |
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