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Technology Stocks : TGIS - Thomas Group

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From: Labrador4/20/2007 7:26:53 AM
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Thomas Group Awarded $19.1 Million Subcontract from CACI to Further Work with Naval Aviation Enterprise
Thursday April 19, 3:00 pm ET

IRVING, Texas--(BUSINESS WIRE)--Thomas Group, Inc., (NasdaqGM:TGIS), a leading operations and process improvement firm, announced today a $19.1M Naval Aviation Enterprise (NAE) subcontract award from CACI, Inc. Federal in Arlington, VA. This award is for Option Year 2, which contains four individual option periods through October 31, 2007. The first two option periods have been exercised with funding of $9.8M for the period covering 1 November 2006 through 31 March 2007. This award is a continuation of NAE work with the Naval Aviation Enterprise for use of Thomas Group's proprietary Process Value Management (PVM) methodology in NAE's management initiative.

"We are very pleased to continue importing our commercial PVM 'Best Practices' approach to change management and process improvement into this important Navy war fighting domain. Naval Aviation Leadership continues to aggressively apply PVM to their enterprise processes to produce Cost Wise Readiness of Naval Aviation Forces in support of Major Combat Operations and the Global War on Terrorism," said Jim Taylor, Thomas Group CEO and president.
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