GTSI Awarded $425 Million SAVES Contract From FAA
HERNDON, Va., May 24, 2011
HERNDON, Va., May 24, 2011 /PRNewswire/ -- GTSI, a leading provider of technology to federal, state, and local governments, announced today that the Federal Aviation Administration (FAA) has awarded the company a contract to provide information technology under the Strategic Acquisition of Various Equipment and Supplies (SAVES) program. The fixed price, indefinite delivery, indefinite quantity (IDIQ) contract is worth up to $425 million if all options are exercised. The period of performance consists of one base year and four one-year options.
The SAVES program is a vital element in the FAA's strategy to improve financial management while delivering quality customer service. Under the contract, GTSI will help FAA staff comply with the SAVES program's mandates for cost effectiveness by delivering mission-critical technology in an efficient and expeditious manner.
Sterling Phillips, GTSI's chief executive officer, said, "We have been working with FAA under the SAVES program since 2006 and are excited to continue to help FAA streamline their IT acquisition and deployment processes. The leading-edge server, storage, and network solutions we provide will help FAA update technology, maintain security and reduce infrastructure operations budgets. We appreciate the confidence that the FAA has shown in GTSI in awarding this contract."
The FAA is responsible for the regulation of air traffic and navigation for civilian and military aircraft as well as ensuring the operational safety of civilian aviation and the regulation of commercial space transportation. "Utilizing contracts such as FAA SAVES allows the agency to reduce the burden of technology solution acquisition by relying on GTSI's experience to deliver quality integrated products and services," said Phillips.
About GTSI Corp.
GTSI (NASDAQ: GTSI) is a leading provider of technology solutions to federal, state, and local governments. Founded in 1983, the company has helped meet the unique IT needs of more than 1,700 governmental agencies nationwide. GTSI professionals draw on their deep knowledge, strategic partnerships, more than 740 industry certifications, and customer service to guide agencies in selecting the most cost-effective technology available. GTSI has extensive capabilities and past performance in data center, networking, collaboration, security, and cloud computing solutions. In addition, GTSI's advanced engineering, integration, support, and financial services -- and broad portfolio of contracts -- ease the planning, purchasing, and deployment of solutions, and facilitates the management of mission-critical IT throughout the lifecycle. Headquartered in Herndon, Va., GTSI has approximately 400 employees and reported revenue of $666.7 million for the 12 months ended Dec. 31, 2010. For more information visit the company's website at www.gtsi.com.
GTSI and GTSI.com are registered trademarks of GTSI Corp. in the U.S. and other countries. All trade names are the property of their respective owners.
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