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EDS Selected by Defense Department for Financial Systems Services Contract.



HERNDON, Va., May 23 /PRNewswire-FirstCall/ -- EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country.  today announced it has been selected by the U.S. 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:
  • Processed 104M pay transactions to 5.
 (DFAS) to provide information technology support for software development and maintenance of financial and accounting systems under the DFAS Financial Integrated Systems Services-III (DFISS-III) contract. EDS is one of four companies that will compete for task orders under the five-year blanket purchase agreement with a $500 million ceiling.

EDS will support the DFAS - Technology Services Organization as it provides services such as planning and developing architectures; designing, building, operating and maintaining essential DFAS infrastructure systems; providing software engineering services in accordance with DFAS standard methods and procedures; and establishing and managing the DFAS enterprise information infrastructure architecture and engineering environment. These services will support DFAS as it continues to streamline and realign its business functions.

As an incumbent contractor on the DFISS-I and DFISS-II contracts, EDS provided support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  to DFAS in the successful deployment of essential programs such as the Deployable Disbursing System, to provide automated funds disbursement in support of warfighters and military contractors; and the Capital Asset Management System - Military Equipment Inventory Valuation System.

The EDS team includes General Dynamics Information Technology, PricewaterhouseCoopers, Bucher & Christian Consulting and several small business partners.

"EDS and its partners have proudly supported DFAS for 16 years and we are extremely gratified grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
 at this opportunity to extend our relationship into the future," said Jim Duffey, general manager, EDS U.S. Public Sector. "We look forward to further assisting DFAS in its mission to serve the needs of those who defend our country."

About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much  industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in  services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at http://www.eds.com/.

The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
  CONTACT:
  Brad Bass - EDS
  703-733-3193
  Brad.bass@eds.com



CONTACT: Brad Bass of Electronic Data Systems Corporation, +1-703-733-3193, Brad.bass@eds.com

Web site: http://www.eds.com/
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Publication:PR Newswire
Date:May 23, 2007
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