EDS Awarded $550 Million IT Services Contract by Continental Airlines

Oct. 23, 2007

PLANO, Texas, Oct. 23 /PRNewswire-FirstCall/ -- EDS and Continental Airlines today announced the signing of a seven-year information technology (IT) services contract valued at approximately $550 million.

Under the agreement, EDS will manage Continental's compute environments, reservation systems, legacy application development and maintenance, field services, network and voice systems, help desk and complete desktop support. This agreement also calls for Continental and EDS to work together closely on a joint application modernization strategy, updating legacy systems to better suit the needs of Continental and its customers.

"EDS has been important to our success since we initially established a relationship in 1991," said Ron Anderson-Lehman, chief information officer, Continental Airlines. "The multi-supplier approach we are taking with this contract and others like it will allow Continental to fully appreciate and gain benefit from the strength and capabilities of our partners."

"Through this extension of our long standing relationship, Continental will leverage our extensive airline industry applications and our legacy transformation capabilities," said Eric Harte , vice president and leader of EDS' Global Air Services industry group. "This will position Continental for long-term growth in this important market segment."

"We have always viewed Continental as being at the forefront of airline technology innovation, and we look forward to working with them in developing and delivering innovative business solutions for their customers," said Jim Dullum , vice president and leader of EDS' Global Transportation industry group. "Through this agreement Continental will take advantage of our overall information technology outsourcing capabilities, which will help Continental achieve quantifiable operational improvements and enhance the delivery of services to their customers."

As the leading global airline IT services provider, EDS brings world-class technology solutions and infrastructure to help airlines and transportation customers sustain competitive advantage in a tightly constrained market.

About Continental Airlines

Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving nonstop 144 domestic and 138 international destinations. More than 400 additional points are served via SkyTeam alliance airlines. With more than 45,000 employees, Continental has hubs serving New York, Houston , Cleveland and Guam , and together with Continental Express, carries approximately 67 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture. For more company information, visit continental.com.

About EDS

EDS (NYSE: EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.

The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACTS: Blake Hull - EDS 972 605 5063 [email protected]

SOURCE Electronic Data Systems Corporation