VIENNA, Va., Oct. 6 /PRNewswire/ -- GRC International (NYSE: GRH) today
announced that during the quarter ended Sept. 30, 1998, the company won
substantial new multi-year task orders under existing contracts with a
combined ceiling of approximately $165 million and was awarded new contracts
with a maximum value of approximately $41 million. These awards included new
tasks for the company's on-going work to modernize the U.S. Army's logistics
information management system and an award from the U.S. Navy for engineering
and management support for aircraft systems.
GRC International President and CEO Gary Denman said, "These awards are a
direct result of our enhanced marketing efforts and our superior technical
performance. We have developed a two-tier marketing effort, with one level
focusing on longer-range, strategic targets, while the other is tactical,
focusing on the establishment, maintenance, and expansion of current customer
relations. Our 100% win rate on all of our prime contracts that have come up
for recompetition since September 1992 speaks to the quality of our technical
performance. It is this type of performance that will allow GRC International
to achieve the goals of 10% to 20% internal growth in revenues and even
greater performance in operating margins."
GRC International Inc., with headquarters in Vienna, Va., is a
professional services company that uses advanced computer, engineering, and
scientific technologies to help its government and commercial customers
fulfill their critical missions. Since 1961, GRCI has succeeded by providing
analytical services and tools; designing and integrating effective information
systems; and developing innovative technology-based solutions. GRC
International is a publicly traded company listed on the New York Stock
Exchange under the symbol GRH. Additional details about the company can be
obtained on the Internet at http://www.grci.com/. GRCI press releases are
available on the Internet through Company News On-Call at
http://www.prnewswire.com/.
Forward-looking statements contained in this release are subject to risks
and uncertainties that could cause actual results to differ materially. These
risks and uncertainties include the company's dependence on continued funding
of U.S. Department of Defense (DoD) programs; government contract procurement
and termination risks; the company's ability to fill required staff positions
to service the contracts granted under the DoD programs; the risk that the
company will not be sufficiently prepared for the Y2K problem and/or that the
company may incur Y2K-related liabilities; and other risks described in the
company's Securities and Exchange Commission filings.
SOURCE GRC International Inc.
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Related links:
http://www.grci.com
Company News On-Call:
http://www.prnewswire.com/comp/320275.html or fax,
800-758-5804, ext. 320275
CONTACT:
Wayne Jackson, Director, Corporate
Communications of GRC International, 703-506-5038
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