Perspecta Wins Prime Position on New $7.5 Billion DISA SETI Contract
Chantilly, Va.— November 5, 2019 —Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it was awarded a prime position on the Defense Information Services Agency (DISA) Systems Engineering, Technology and Innovation (SETI) Government-wide Acquisition Contract (GWAC). The multiple award, indefinite delivery/indefinite quantity (ID/IQ) contract represents new work for the company, has a five-year base with one five-year option and a total value of $7.5 billion, if the option and all funds are executed.
The DISA SETI program is designed to streamline government procurement of critical engineering expertise to research, design, develop, implement, integrate and optimize Department of Defense (DOD) information technology capabilities, systems and solutions.
“Every day at Perspecta, we come to work to support a single goal—ensuring our customers’ missions succeed,” said Mac Curtis, president and CEO of Perspecta. “We are committed to bringing better, faster and more innovative technology and solutions to DISA and its mission partners, and are excited about the work ahead.”
Perspecta will compete for task orders on the SETI program to provide complex engineering support services and advanced technology solutions to address current and future DOD mission requirements. Specifically, the company will use the contract as an opportunity to deliver innovative solutions in technical areas including cybersecurity, application and infrastructure modernization, cloud, analytics and data services, and secure mobile communications to DISA and its DOD mission partners.
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 270+ 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.
Lorraine M. Corcoran
Vice President, Corporate Communications
M. Stuart Davis
Vice President, Investor Relations