United States : CSC Signs 5-year Contract With Raytheon To Provide IT Services.Byline: Mamta03 Friday, provider of IT 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 and services, Computer Sciences Corp., or CSC, (CSC: News ), said it signed a contract with Waltham, Massachusetts-based defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; Raytheon Company (RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal : News ), to provide a range of information technology support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Though financial terms of the deal were not disclosed, it would replace an expiring 10-year contract between the companies, and has a five-year base period with two one-year options. The contract runs through February 2015. The contract requires Falls Church, Virginia-based CSC to provide a range of services including desktop, network and data center support across Raytheon's U.S. operations. CSC has around 92,000 employees and reported revenue of $16.2 billion for the 12 months ended July 3, 2009. CSC's worldwide network supports 8,000 users in 90 locations around the world. CSC is currently trading at $52.44, down $0.26 or 0.49%, on a volume of 0.29 million shares, while RTN is trading at $47.49, up $0.41 or 0.87%, on a volume of 1.10 million shares on the NYSE NYSE See: New York Stock Exchange . Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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