CSC WINS $29 MILLION CONTRACT FROM DEPARTMENT OF EDUCATION TO OPERATE EDUCATION RESOURCES INFORMATION CENTER
News Release -- October 14, 2009
FALLS CHURCH, Va., Oct. 14 -- CSC (NYSE: CSC) announced today that the U.S. Department of Education (DoE) awarded the company a contract that supports the agency's Education Resources Information Center (ERIC). The new agreement has a one-year base period and four one-year options, bringing the estimated total five-year contract value to $29 million. This contract was awarded to CSC during the company's fiscal 2010 second quarter.
Under the terms of the agreement, CSC will operate the ERIC online digital library. ERIC provides a comprehensive, easy-to-use, searchable, Internet-based bibliographic and full-text database of education research and information for educators, researchers, post-secondary faculty and students, parents and the general public.
"We recognize the importance of providing our country's educators and others with easy access to educational resources that will improve learning, teaching, decision-making and research," said Tom Anderson, president of CSC's North American Public Sector Civil and Government Health Services Group. "CSC is honored to support this crucial system and continue our 36-year working relationship with the Department of Education."
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $16.2 billion for the 12 months ended July 3, 2009. For more information, visit the company's Web site at www.csc.com.