BLUE BELL, Pa., Sept. 19, 2012 /PRNewswire/ -- Unisys (NYSE: UIS) announced today that it has been awarded a task order by the U.S. Department of Homeland Security (DHS) Targeting and Analysis Systems Program Office (TASPO) to develop, operate and manage systems used for risk assessments of people and cargo entering the U.S. on a daily basis.
This cost-plus-fixed-fee task order, awarded under the U.S. General Services Administration's Alliant government-wide acquisition contract, is worth up to an estimated $504 million over five years. It has a one-year base period and four one-year option periods. All options are exercisable at the discretion of the government.
This task order continues and expands on the work Unisys has performed for TASPO and its predecessor organizations for the past 15 years.
TASPO, part of the Customs and Border Protection (CBP) Office of Information and Technology, provides technology solutions that support CBP inspection and enforcement activities and help the agency protect U.S. borders. Under the contract, Unisys will operate, maintain, upgrade and enhance the suite of applications managed by TASPO."This new task order builds upon Unisys' relationship with TASPO and continues our longstanding presence supporting CBP's mission-critical systems," said Steve Soroka, group vice president for homeland security at Unisys Federal Systems. "Unisys is extremely pleased and proud to have the opportunity to continue our partnership with the TASPO organization." About UnisysUnisys is a worldwide information technology company. We provide a portfolio of IT services, software and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services and high-end server technology. With more than 22,500 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com. Follow Unisys on Twitter. Forward-Looking StatementsAny statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. In particular, statements in this release regarding the total value of the task order are based on the assumption that the government will exercise all option years, which is at the government's discretion, and that the base period and each option year will continue for its full term. In cost-plus-fixed-fee type task orders, such as this one, the awarded value is an estimate of the cost of performance by the contractor based on the government's stated requirements and the negotiated fixed fee which is a percentage of the estimated costs. The contractor may only bill the government for the actual costs of performance plus the fixed fee. Statements in this release regarding the total value of the contract assume that the government will incur the estimated costs. Further because agreements with government agencies are terminable before the end of their terms and are subject to the availability of appropriated funds, there is no guarantee that each year of the task order will continue for its full term. Additional discussion of factors that could affect Unisys future results is contained in periodic filings with the Securities and Exchange Commission. RELEASE NO.: 0919/9132