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ATS Corporation Announces New Contract Award Totaling $27.5 Million
MCLEAN, Va., March 16 -- ATS Corporation ("ATSC" or the "Company") (NYSE Amex: ATSC), a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced that it has been awarded a $27.5 million, four-year contract with an agency within the Department of Defense to provide project management support, IT infrastructure operations and maintenance, information assurance and application software development and maintenance.
ATSC Chairman and Chief Executive Officer Dr. Edward H. Bersoff commented, "With this win, ATSC has been awarded over $50 million in new contracts so far in the first quarter of 2010. We're very pleased with this strong start to the year in building our backlog, increasing our revenue visibility, and continuing to win all our recompeted contracts."
About ATS Corporation
ATSC is a leading provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing, training and consulting to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises. Headquartered in McLean, Virginia, the Company has more than 600 employees at 10 locations across the country.
Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2009, as amended on February 24, 2010. In addition, the forward-looking statements included in this press release represent our views as of March 16, 2010. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to March 16, 2010.
Additional information about ATSC may be found at http://www.atsc.com .
Source: ATS Corporation
CONTACT: Company, Joann O'Connell, Vice President, Investor Relations of
ATS Corporation, +1-571-766-2400; Media, Penny Parker, Corporate
Communications Manager of ATS Corporation, +1-571-766-2400
Web Site: http://www.atsc.com/
ATS Corporation Announces New Contract Award Totaling $27.5 Million
MCLEAN, Va., March 16 -- ATS Corporation ("ATSC" or the "Company") (NYSE Amex: ATSC), a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced that it has been awarded a $27.5 million, four-year contract with an agency within the Department of Defense to provide project management support, IT infrastructure operations and maintenance, information assurance and application software development and maintenance.
ATSC Chairman and Chief Executive Officer Dr. Edward H. Bersoff commented, "With this win, ATSC has been awarded over $50 million in new contracts so far in the first quarter of 2010. We're very pleased with this strong start to the year in building our backlog, increasing our revenue visibility, and continuing to win all our recompeted contracts."
About ATS Corporation
ATSC is a leading provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing, training and consulting to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises. Headquartered in McLean, Virginia, the Company has more than 600 employees at 10 locations across the country.
Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2009, as amended on February 24, 2010. In addition, the forward-looking statements included in this press release represent our views as of March 16, 2010. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to March 16, 2010.
Additional information about ATSC may be found at http://www.atsc.com .
Source: ATS Corporation
CONTACT: Company, Joann O'Connell, Vice President, Investor Relations of
ATS Corporation, +1-571-766-2400; Media, Penny Parker, Corporate
Communications Manager of ATS Corporation, +1-571-766-2400
Web Site: http://www.atsc.com/