Nichols Research Announces $1 Million Contract Award.
Nichols Research's technology solution under the DERA contract will help locate land mines and help mitigate the risk to personnel. Award value was $973,500 with the work to be performed during a seventeen-month period. DERA is an agency of the UK Ministry of Defence.
Nichols Research Corporation, headquartered in Huntsville, Alabama, provides Information Technology (IT) and technical services for the Department of Defense, federal civilian agencies, state government clients, and commercial clients. The Company has 30 locations throughout the United States with approximately 2,500 employees. Additional information may be found at Nichols web site: www.nichols.com. The Company's stock is traded under the NASDAQ market symbol: NRES.
Except for historical information contained herein, this release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934. These forward-looking statements can be generally identified as such because the content of the statement will usually contain words such as the Company or management "believes," "anticipates," "expects," "estimates," "hopes," and words of similar import. Similarly, statements that describe the Company's future plans, objectives, goals or strategies are forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. These risks and uncertainties are discussed in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended August 31, 1997, including the Management's Discussion and Analysis of Financial Conditions and Results of Operations section of that Annual Report.
CONTACT: Nichols Research Corp., Huntsville
Patsy L. Hattox, 205/885-7447
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|Date:||Mar 20, 1998|
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