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Computer Sciences Gets Contracts

The company signs big federal deals.
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Computer Sciences

(CSC)

said its federal sector business signed contracts worth as much as $650 million during the fiscal second quarter ending today.

The El Segundo, Calif., information technology outsourcer said the agreements cover periods ranging from a month to 10 years. Civil agencies accounted for $192.9 million worth of contracts and agencies linked to the Pentagon for the rest.

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"These new contract awards, ranging from an increase in our work for the Federal Aviation Administration to supporting the Department of Commerce again for the 2010 census, underscore the confidence our federal government clients have in CSC," said CEO Van B. Honeycutt. "CSC's proven ability to apply our vast experience to a broad spectrum of programs leaves no doubt that we will deliver solid business results."

On Friday, Computer Sciences rose 46 cents to $47.08.