CSC Picks Up $250M U.S. Government Contract, Lays Off 300
June 21, 2007 3:43 PM ET
Computer Sciences Corp. will provide support and consulting services at Defense Finance and Accounting Service (DFAS) centers across the United States. Earlier this week, CSC won the blanket purchase agreement (BPA), which it estimates to be worth $250 million over five years.
CSC has another separate BPA with DFAS. Under the terms of the new agreement, CSC will continue providing information technology and technical support services to help the DFAS achieve its transformation objectives. Services include project management; equipment maintenance; software development and maintenance; data warehouse development and management; systems integration; and financial management and economic analysis. Partnering with CSC are 27 large and small companies that have experience and background in DFAS systems, financial services, accounting and transformation.
The U.S. news comes on the heels of CSC letting go 300 employees in the United Kingdom. CSC has some 4,500 employees in the U.K. The cutbacks are part of a restructuring plan announced last year. Overall, the company plans to cut 5,000 jobs, mainly in Europe.
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