WFI Awarded Multi-Million Dollar Subcontract As Part of Technical and Engineering Team Supporting the U.S. Navy Surface Fleet
Thursday April 6, 8:00 am ET
Company is Largest Subcontractor in Project with Total Potential Value of $30 Million Over 3-year Period
SAN DIEGO, April 6 /PRNewswire-FirstCall/ -- WFI (Nasdaq: WFII - News), a global leader in the design, deployment, and management of wireless communication networks, technology networks and security systems announced today that it has been selected as a subcontractor to a major defense contractor for a large U.S. Navy shipboard combat systems in-service engineering contract. Under provisions of the program, WFI will assist the Navy by providing engineering and technical services, computer programming, materials management, and logistics support services for the AEGIS Combat System and other related systems. The project has an estimated total value of approximately $30 million over a three-year period, and WFI has been selected as the project's largest subcontractor.
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Under the terms of this award, WFI will perform work under a subcontract in support of the Naval Surface Warfare Center at areas including shore sites, land based test facilities, shipyards, and aboard ships in ports and at sea for the U.S. Navy, Allied Nations and Foreign Military Sales customers. Technical services performed under this contract include review of system design documentation, system performance specifications, computer program changes, reliability, maintainability, availability, configuration management, test & evaluation, and advanced planning requirements of AEGIS new construction ships, operational baselines, and equipment.
"This is a multi-million dollar opportunity for the Company and a significant win for WFI's Government Services Division," said Eric DeMarco, President and CEO of WFI. "Our current bid pipeline of government proposals is at its highest level at well over $600 million. Our continually growing pipeline together with strategic wins such as this demonstrate WFI's commitment to diversifying its portfolio into long-term government contracts and highlights the Company's growing reputation as a technical services leader in the government arena. We take pride in being chosen for this important defense contract. With the increase in national defense requirements and public safety efforts, providing quality engineering services and systems integration to our armed forces has grown even more vital."
"This important engineering services contract gives us the opportunity to provide critical knowledge and expertise to our fleet, and underscores our commitment to being a valued team member in the growing area of national defense and public safety," said Robin Mickle, President of WFI Government Services, Inc.
WFI Government Services, Inc. is a wholly-owned subsidiary of the Company, with offices and project locations throughout the United States. Areas of expertise include technical resources consulting, logistics and RFID solutions, homeland security and public safety applications and communications technology services.
About WFI
Headquartered in San Diego, CA, WFI is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at wfinet.com. (code: WFI-mb) |
