CSC SIGNS IT SERVICES CONTRACT EXTENSION WITH GENERAL DYNAMICS WITH POTENTIAL VALUE OF $1.63 BILLION
EL SEGUNDO, Calif., April 1 -- Computer Sciences Corporation (NYSE: CSC) announced today that it has signed an agreement to extend CSC's information technology (IT) outsourcing contract with General Dynamics (NYSE: GD) for a period of 7.25 years. CSC estimates the value of the extension to be approximately $1.63 billion. This represents an increase of $30 million above CSC's previous estimate when the company announced the signing of a memorandum of understanding on Dec. 23, 2004.
About CSCFounded in 1959, Computer Sciences Corporation is a leading global IT services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 79,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $13.9 billion from continuing operations for the 12 months ended Dec. 31, 2004. For more information, visit the company's Web site at
www.csc.com.
