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Unisys Inks Deal to Help Border Security; Ted Davies Comments

Unisys (NYSE: UIS) signed a deal with U.S. Customs and Border Protection to work on a new system to identify people and vehicles crossing the U.S. borders with Mexico and Canada.

According to the firm, “the Land Border Integration (LBI) contract has one firm fixed-price base period and four one-year options, which are exercisable at the sole discretion of the government.”

The base term of the deal is worth $29 million and the estimated value of each option year is approximately $25 million.

The contract has a ceiling term of five years and $350 million.

“The [contract] has been an important homeland security initiative, ” said Ted Davies, president of Unisys Federal. “With LBI, we look forward to continuing our work with CBP to help enhance United States border security.”

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