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Press release

Perspecta Wins $36 Million Contract with Naval Surface Warfare Center

Chantilly, Va.— October 23, 2018—Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it received a contract to continue work providing scientific, engineering and technical management services in support of the Naval Sea Systems Command (NAVSEA) Naval Surface Warfare Center (NSWC) Carderock Division. The cost-plus-fixed-fee contract has a one-year base and four option years with a ceiling value of $36 million.

On the contract, Perspecta will provide scientific, engineering and technical management services in support of the NAVSEA NSWC Ship Signatures Department. The Ship Signatures Department's mission is to ensure a signatures advantage for U.S. Navy submarines, surface ships and small craft through research and development, test and evaluation, engineering applications and fleet support.

Specific work will include: the design, development, upgrade and certification support of signal processing systems; operational, maintenance, and sustainment support; systems engineering and production support; data acquisition, processing, analysis, and reporting; and associated information technologies and information assurance support.

“With more than four decades of experience as a trusted NSWC partner,” said Mac Curtis, president and CEO, Perspecta, “the Perspecta team is uniquely qualified to support this program.  The security and advancement of the Navy’s undersea warfare efforts is critical to our national security and supporting that mission is of utmost importance to the Perspecta team.”

This award maintains Perspecta’s involvement in the U.S. Navy Virginia-class and Columbia-class submarine programs, the two biggest shipbuilding programs in the Navy. Perspecta has been supporting the NSWC and this work since in 1976.

About Perspecta Inc.

At Perspecta (NYSE: PRSP), we question, we seek and we solve. Perspecta brings a diverse set of capabilities to our U.S. government customers in defense, intelligence, civilian, health care and state and local markets. Our 260+ issued, licensed and pending patents are more than just pieces of paper, they tell the story of our innovation. With offerings in mission services, digital transformation and enterprise operations, our team of 14,000 engineers, analysts, investigators and architects work tirelessly to not only execute the mission, but build and support the backbone that enables it. Perspecta was formed to take on big challenges. We are an engine for growth and success and we enable our customers to build a better nation.  For more information about Perspecta, visit perspecta.com.

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This press release may contain forward-looking statements. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Perspecta and are subject to significant risks and uncertainty. Readers are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Perspecta undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Perspecta believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve a variety of risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements.

 

Contact:

Lorraine M. Corcoran
Vice President, Corporate Communications
571.313.6054 office
301.529.9429 mobile
lorraine.corcoran@perspecta.com

M. Stuart Davis
Vice President, Investor Relations
703.547.0300 office
571.424.6262 mobile

stuart.davis@perspecta.com

Image source: Department of Defense photo by Chelsea Flowers Anderson

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