SI International Wins $11.5 Million Contract Supporting Global Positioning System
April 06 2005 - 9:02AM
PR Newswire (US)
SI International Wins $11.5 Million Contract Supporting Global
Positioning System RESTON, Va., April 6 /PRNewswire-FirstCall/ --
SI International, Inc. (NASDAQ:SINT), an information technology and
network solutions (IT) company, today announced that it has been
awarded a prime contract by the Air Force Space Command (AFSPC) to
provide engineering, planning, and programming support for the
Global Positioning System (GPS). The competitive task order has a
one-year base period with four one-year options. The contract's
value is $11.46 million over five years, if all options are
exercised. Work to be performed by SI International supporting the
Headquarters Air Force Space Command, Directorate of Requirements,
Space-Based Navigation Branch, includes GPS Modernization and GPS
Military User Equipment efforts. In the area of space
modernization, SI International has supported the North American
Aerospace Defense Command (NORAD), United States Strategic Command
(USSTRATCOM), and Air Force Space Command (AFSPC) for more than ten
years. "Through our longstanding relationship with the Air Force
Space Command, SI International has developed industry-recognized
expertise in military space operations," said Ray Oleson, Chairman
CEO of SI International. "We look forward to the ongoing
opportunities to support the transformation of our nation's
military posture though our demonstrated capabilities in space
systems engineering, the Global Positioning System, operational
architecture, military satellite communications, command and
control systems, and information assurance." About SI
International: SI International, a member of the Russell 2000
index, is a provider of information technology and network
solutions (IT) primarily to the Federal government. The company
combines technological and industry expertise to provide a full
spectrum of state-of-the-practice solutions and services, from
design and development to documentation and operations that assist
clients in achieving their missions. More information about SI
International can be found at http://www.si-intl.com/. The
above-referenced statements may contain forward-looking statements
that are made pursuant to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. Expressions of future
goals and similar expressions reflecting something other than
historical fact are intended to identify forward-looking
statements, but are not the exclusive means of identifying such
statements. These forward-looking statements involve a number of
risks and uncertainties, which are described in SI International,
Inc.'s filings with the Securities and Exchange Commission. These
risks and uncertainties include: differences between authorized
amounts and amounts received by SI International, Inc. under
government contracts; government customers' failure to exercise
options under contracts; changes in federal government (or other
applicable) procurement laws, regulations, policies and budgets; SI
International, Inc.'s ability to attract and retain qualified
personnel; and the important factors discussed in the Risk Factors
section of the annual report on Form 10-K filed by SI
International, Inc. with the Securities and Exchange Commission and
available directly from the Commission at http://www.sec.gov/. The
actual results may differ materially from any forward-looking
statements due to such risks and uncertainties. SI International,
Inc. undertakes no obligations to revise or update any forward-
looking statements in order to reflect events or circumstances that
may arise after the date of this release. CONTACT: Alan Hill of SI
International, Inc., +1-703-234-6854, or DATASOURCE: SI
International, Inc. CONTACT: Alan Hill of SI International, Inc.,
+1-703-234-6854, or Web site: http://www.si-intl.com/
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