WFI Announces $29 Million in Unannounced Federal Contracts
Monday April 24, 8:00 am ET
SAN DIEGO, April 24 /PRNewswire-FirstCall/ -- WFI (Nasdaq: WFII - News), a global leader in the design, deployment, and management of wireless communication networks, information technology solutions and security systems, announced today that its Government Services Division has been awarded previously unannounced contracts, subcontracts, extensions, tasks and contract vehicles in the first quarter of 2006 with an estimated total value of approximately $29 million.
The agreements cover time periods ranging from one month to two years and include awards from Civil agencies and various agencies of the U.S. Department of Defense. Highlights of the first quarter awards include two unannounced contract ceiling increases totaling more than $22 million for continued support for aerial and surface targets for the Naval Air Weapons Station at Point Magu and for continued engineering services at the Pacific Missile Range Facility in Hawaii.
"WFI has helped federal agencies meet their objectives across the nation and around the globe. We're continually to expand our government business among key DoD agencies while developing credibility and cultivating customer relationships," said Eric DeMarco, president and Chief Executive Officer of WFI. "These customers rely on our experience. Whether it's providing field operations support to the Army, engineering services to the Navy or IT services to other agencies of the DoD, we have the ability to help them achieve key operational and business results."
Today's announcement is a summary of the value of all awards received by WFI's Government Services division in the first quarter of 2006 and does not include any government contract amount that was previously announced. All expressed contract award terms and values represent the amounts that WFI expects to receive from the agreements if all options are exercised.
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 www.wfinet.com. (code: WFI-mb) |
