CSC Signs New Five-Year IT Outsourcing Contract with BAE Systems
News Release -- November 22, 2011
Agreement Extends 17-Year Business Relationship
FALLS CHURCH, Va., Nov. 22 – CSC (NYSE: CSC) announced today that it has signed a new information technology (IT) outsourcing agreement with global defense and security company, BAE Systems. The five-year contract replaces the existing agreement that was due to expire in April 2012. The estimated contract value is up to $160 million per year. The agreement was signed during the third quarter of CSC fiscal year 2012.
Under the new agreement, CSC will deliver a full range of IT services, including service desk, collaborative services, end user compute, mainframe, physical/virtual servers, storage and networking, service request fulfilment and project services and application maintenance and support.
“Signing this new agreement with CSC demonstrates the success of our long-standing business partnership,” said Dean McCumiskey, BAE Systems global chief information officer. “As the defense industry continues to evolve, CSC’s expertise and support in delivering highly competitive, value for money services across our business in support of our strategic and operational objectives will be invaluable.”
“We are pleased to have finalized this new contract and look forward to supporting BAE Systems’ dynamic, changing business,” said Andy Williams, president of CSC’s Northern European operations. “This fourth generation IT outsourcing agreement recognizes CSC’s ability for delivering an excellent service, providing cost efficiencies as well as innovative technology-enabled solutions to complex business challenges.”
CSC’s relationship with BAE Systems began in April 1994 when the companies signed a 10-year IT outsourcing contract in the UK. At the time, the contract was one of the largest commercial IT outsourcing contracts ever awarded to a single supplier in Europe. The relationship between CSC and BAE Systems has matured, strengthened and expanded, supporting BAE Systems multiple mergers and acquisitions in both the UK and home countries. Through this new agreement, CSC provides IT services in support of 11 BAE Systems businesses operating in over 100 locations in the UK, Saudi Arabia and Sweden.
About BAE Systems
BAE Systems is a global defence and security company with approximately 100,000 employees worldwide. The Company delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and support services.
CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 97,000 employees and reported revenue of $16.2 billion for the 12 months ended September 30, 2011. For more information, visit the company’s website at www.csc.com.