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CSC to Receive up to $1B to Expand Government System Capabilities Over 5 Years

 

Jim Sheaffer, CSC

Computer Sciences Corp. (NYSE: CSC) has received a five-year contract extension worth around $1 billion to expand government system capabilities.

CSC will also collect an upfront $277 payment in addition to the four base year and one option-year award.

The terms extend a contract scheduled to expire in December 2011.

“We are pleased we were able to reach an equitable agreement with the government while preserving our important role in a critical government program, ” said Jim Sheaffer president of CSC’s north america public sector.

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