Perspecta awarded more than $519 million in classified mission support work

Rhea-AI Summary

Perspecta Inc. (NYSE: PRSP) has secured multiple classified contracts worth over $519 million to provide mission support services to U.S. government clients. These awards, announced on October 29, 2020, focus on high-end systems engineering, data analytics, cybersecurity, cloud/IT services, and software development. The contracts are vital for enhancing national security and fortifying the company’s position in the government services sector. With over 14,000 employees and a strong innovation background signified by 280 patents, Perspecta continues to be a leader in government analytical engineering.

Positive

• Secured contracts valued at over $519 million.
• Contracts enhance national security and government capabilities.
• Long-standing leadership in systems engineering and integration.
• Strong innovation track record with 280 patents.

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• None.

CHANTILLY, Va., Oct. 29, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it was awarded multiple classified programs to provide mission support to U.S. government customers through the delivery of high-end systems engineering and integration, data analytics, cybersecurity, cloud/IT services and software development. Award notifications were delivered during the company's second quarter of fiscal year 2021 and have a collective value of more than $519 million.

"At our core, we are innovative problem solvers," said Damian DiPippa, senior vice president and general manager of Perspecta's intelligence group. "For more than four decades, we have been partnering with Intelligence Community customers to innovate highly technical solutions that solve some of the nation's most complex problems. This work directly supports and strengthens our national security and we are honored that we are entrusted to continue providing this service."

Perspecta provides analytical engineering expertise to government customers across the military, intelligence and federal IT spectrum. A long-standing leader in systems engineering and integration, Perspecta also delivers digital transformation, data analytics, cybersecurity, cloud / IT services and software development via government programs.

About Perspecta Inc.

At Perspecta (NYSE: PRSP), we question, we seek and we solve. Perspecta brings a diverse set of capabilities to our U.S. government customers in defense, intelligence, civilian, health care and state and local markets. Our 280+ issued, licensed and pending patents are more than just pieces of paper, they tell the story of our innovation. With offerings in mission services, digital transformation and enterprise operations, our team of nearly 14,000 engineers, analysts, investigators and architects work tirelessly to not only execute the mission, but build and support the backbone that enables it. Perspecta was formed to take on big challenges. We are an engine for growth and success and we enable our customers to build a better nation.  For more information about Perspecta, visit perspecta.com.

This press release may contain forward-looking statements. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Perspecta and are subject to significant risks and uncertainty. Readers are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Perspecta undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Perspecta believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve a variety of risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements.

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SOURCE Perspecta Inc.

FAQ

What is the value of the contracts awarded to Perspecta on October 29, 2020?

The contracts awarded to Perspecta are valued at over $519 million.

What services will Perspecta provide under the new contracts?

Perspecta will provide high-end systems engineering, data analytics, cybersecurity, cloud/IT services, and software development.

How many employees does Perspecta have?

Perspecta employs approximately 14,000 people.

What is the significance of these classified contracts for Perspecta?

The contracts enhance national security and strengthen Perspecta's position as a leading government services provider.

When were the contract awards announced?

The contract awards were announced on October 29, 2020.