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News Release-- August 01, 2001

CSC INDICATES VALUE OF GROUNDBREAKER CONTRACT COULD EXCEED $5 BILLION.


CSC INDICATES VALUE OF GROUNDBREAKER CONTRACT COULD EXCEED $5 BILLION

Computer Sciences Corporation (NYSE: CSC) today announced that the value of the Groundbreaker contract, awarded yesterday by the National Security Agency (NSA) to the Eagle Alliance, a CSC-led joint venture, could grow substantially if the agency expands the scope of the contract.

“With its current scope, the potential value of the contract exceeds $2 billion over a 10-year period if all options are exercised,” said Van B. Honeycutt, CSC’s chairman and chief executive officer. “If the scope is expanded, as anticipated, the potential value of the contract could exceed $5 billion.”

CSC is the managing partner of the Eagle Alliance, which was formed in partnership with Logicon, a Northrop Grumman company. The Eagle Alliance and its subcontractor companies will provide secure and non-secure telephony and network services, distributed computing services, and enterprise and security management of the non-mission information technology infrastructure at NSA headquarters and surrounding offices. When the contract takes full effect in November, CSC will assume responsibility for transitioning approximately 750 NSA employees into the Eagle Alliance and begin a modernization of the agency’s information technology infrastructure.

Computer Sciences Corporation, one of the world’s leading consulting and information technology (IT) services firms, helps clients in industry and government achieve strategic and operational results through the use of technology. The company’s success is based on its culture of working collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

Having guided clients through every major wave of change in information technology since 1959, CSC combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of global corporations and organizations. With nearly 68,000 employees in locations worldwide, CSC had revenues of $10.5 billion for the twelve months ended March 30, 2001. It is headquartered in El Segundo, California. For more information, visit the company’s Web site at www.csc.com.

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent the Company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward looking statements. For a written description of these factors, see the section titled “Management’s Discussion and Analysis of Financial Conditions and Results of Operations” in CSC’s Annual Report on Form 10-Q for the fiscal year ended March 30, 2001.
Eagle Alliance