NCI, Inc. (NASDAQ:NCIT), a leading provider of information technology (IT), engineering, logistics, and professional services and solutions to U.S. Federal Government agencies, announced today that it has been awarded a prime contract on the U.S. Air Force Design Engineering and Support Program (DESP III). This seven-year contract has a ceiling value of $1.9 billion and may be used by all Air Force and other DoD agencies. NCI is one of 26 companies awarded a DESP III contract.
Managed by the Air Force Materiel Command, DESP III is a follow-on IDIQ to DESP I and DESP II and covers technology insertion, reliability and maintainability, deployability improvements, environmental and safety compliance, depot manufacturing and/or repair process improvements, and information management system and process model development. DESP III directly supports Air Force efforts to operate and maintain legacy platforms through obsolescence mitigation, modernization, and technology insertion. NCI has been a prime in the DESP program since 2000.
“NCI is proud of our track record of bringing innovation to the warfighter through agile, responsive and customized solutions. This contract award recognizes our engineering excellence and provides the platform for delivering solutions that increase the performance, operational life, and sustainment of mission-critical Air Force systems,” said NCI’s President, Brian Clark.
About NCI, Inc.:NCI is a leading provider of IT, engineering, logistics, and professional services and solutions to U.S. Federal Government agencies. We have ISO 9001:2008 and other industry-leading and globally recognized certifications. NCI’s award-winning expertise encompasses areas critical to its customers’ mission objectives, including enterprise systems management; network engineering; cybersecurity and information assurance; software development and systems engineering; program management, acquisition, and lifecycle support; engineering and logistics; health IT and informatics; and training and simulation. The company is a member of the Russell 2000 and S&P Small Cap 600 indexes. Headquartered in Reston, VA, NCI has approximately 2,600 employees at more than 100 locations worldwide. For more information, visit our website at www.nciinc.com, or email email@example.com. Forward-Looking Statement: Statements and assumptions made in this press release, which do not address historical facts, constitute “forward-looking” statements that NCI, Inc. believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. Such forward-looking statements are subject to factors that could cause actual results to differ materially from those anticipated results. These factors include but are not limited to: the failure of the Government to allot funds to NCI to complete performance of the contract; the risk of contract performance; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; and material changes in laws or regulations applicable to the company's businesses. For a discussion of these and other risks and uncertainties, please refer to the section titled “Risk Factors” in the NCI, Inc. Form 10-K filed with the Securities and Exchange Commission for the period ended December 31, 2010. The forward-looking statements included in this news release are only made as of the date of this news release and NCI, Inc. undertakes no obligation to publicly update any of the forward-looking statements made herein, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.
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