PHILADELPHIA, May 13 /PRNewswire-FirstCall/ -- CDI Corp. (NYSE: CDI)
announced today that CDI Marine Company, a CDI-Government Services business
unit, was awarded a watercraft engineering and marine services contract by
the U.S. Navy in support of Naval Surface Warfare Center, Carderock
Division, Detachment Norfolk -- Combatant Craft Division (CCD).
CDI-Government Services, part of the CDI Engineering Solutions
division, provides U.S. Government clients with engineering, design,
logistics and light manufacturing expertise; project management and IT
solutions; and technical and IT staffing services.
The total contract, including all options, has a maximum value of $139
million over a five-year period. This new contract represents an expanded
role for CDI-Government Services in support of CCD in the areas of program
management and planning, design and prototype engineering and construction,
design development engineering, acquisition engineering, logistics, and
in-service engineering and life cycle management. CDI Marine Company,
serving as the prime contractor, will function as the team leader for "Team
Watercraft", a group of companies representing expertise in watercraft
engineering.
The Naval Surface Warfare Center, Carderock Division, Detachment
Norfolk -- Combatant Craft Division (CCD), is a full spectrum, full
lifecycle technical support center for all types of combatant craft, boats,
watercraft, and associated systems. CCD supports the U.S. Navy, U.S.
Special Operations Command, U.S. Army, U.S. Marine Corps, U.S. Coast Guard
and other government agencies.
"CDI is proud to contribute to such an important contract," said Robert
Giorgio, President of CDI Engineering Solutions. "We are pleased with the
confidence that the U.S. Navy has shown in CDI and are dedicated to
leveraging our engineering strength to make a significant contribution to
this contract effort."
About CDI
Headquartered in Philadelphia, CDI Corp. (NYSE: CDI) is a leading
provider of engineering and information technology outsourcing solutions
and professional staffing. Its operating units include CDI Engineering
Solutions, CDI IT Solutions, CDI AndersElite Limited and Management
Recruiters International, Inc. Visit CDI at http://www.cdicorp.com.
Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements that address expectations about the future, including regarding
financial results such as revenue, are forward-looking statements. These
statements are not guarantees of future performance and involve a number of
risks, uncertainties and assumptions that are difficult to predict. Because
these forward-looking statements are based on estimates and assumptions
that are subject to significant business, economic and competitive
uncertainties, many of which are beyond our control or are subject to
change, actual outcomes and results may differ materially from what is
expressed or forecasted in these forward- looking statements. Important
factors that could cause actual results to differ materially from the
forward-looking statements include, but are not limited to: changes in
levels of capital spending by customers; our level of success in
attracting, training, and retaining qualified management and technical
personnel; changes in customers' attitudes towards outsourcing; and our
performance on customer contracts. More detailed information about some of
these risks and uncertainties may be found in our filings with the SEC,
particularly in the "Risk Factors" section of our Form 10-K's.
SOURCE CDI Corp.
 back to top
Related links:
http://www.cdicorp.com
CONTACT:
Vincent J. Webb, VP, Communications &
Marketing for CDI Corp., +1-215-636-1240, vince.webb@cdicorp.com
|
