WFI Government Services, Inc. Awarded $36 Million Task Order as Part Of U.S. Army Contract
November 16 2006 - 7:00AM
PR Newswire (US)
Company's Acquisition of Madison Research Corp (MRC) Delivers Win
Under U.S. Army Aviation and Missile Command (AMCOM) Expedited
Professional & Engineering Support Services ('EXPRESS')
Contract SAN DIEGO, Nov. 16 /PRNewswire-FirstCall/ -- WFI
(NASDAQ:WFII), a global leader in the design, deployment, and
management of wireless communication networks, information
technology solutions and security systems, announced the Company
and its team members, Analytical Services Incorporation (ASI) and
LogiCore Corporation, have been awarded a competitive task order
under the company's prime contract for the U.S. Army's Aviation and
Missile Command (AMCOM) Express (Expedited Professional &
Engineering Support Services) technical blanket purchase agreement
(BPA). The five-year task order, including option years, is valued
at approximately $36 million. Under the task order, WFI and its
team members will provide engineering and technical expertise to
the AMCOM IMMC Short Range Land Combat Systems (SHORLAC)
Maintenance Operations Procedures and Prototype (MOPP) Shop in
support of AMCOM weapon systems and associated test equipment.
Additionally, the WFI team will provide weapons system technical
assistance teams in support of US Army, USMC, and National Guard
and Army Reserve component units fielded at worldwide locations.
"This is terrific validation of the strategic importance of WFI's
recent acquisition of Madison Research," said Eric DeMarco,
president and CEO of WFI. "This task order positions WFI as a prime
contractor within the U.S. Army and gives WFI exposure to new
customers, further expanding our footprint within the DoD. As we
stated recently, we believe there is tremendous synergy as a result
of this acquisition, and we look forward to supporting the Army
under this important task order." "The AMCOM-EXPRESS contract is
strategically very important to WFI," said Robin Mickle, president
of WFI Government Services, Inc. "Through this particular task
order, WFI and its team members, including ASI and LogiCore, can
utilize its engineering and weapons system expertise to deliver
best-in-class support to these military operations. We are
extremely pleased to be a part of this highly-skilled team." The
task order announced today is part of a larger blanket purchase
agreement (BPA) originally awarded under the AMCOM-EXPRESS contract
and won in 2005 by Madison Research Corporation (MRC), a company
that was recently acquired by WFI and is now a part of its
Government Services Division. WFI Government Services, Inc. is a
wholly-owned subsidiary of WFI, with offices and project locations
throughout the United States. Areas of expertise include
engineering design, systems engineering, weapons systems support
and maintenance, integrated logistics, test and evaluation, public
safety and communications technology services. Significant
customers for WFI Government Services include various military
branches of the U.S. Department of Defense, the Department of
Homeland Security, NASA, and state and local government agencies.
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 http://www.wfinet.com/.
(code: WFI-mb) Notice Regarding Forward-Looking Statements This
news release contains certain forward-looking statements including,
without limitation, expressed or implied statements concerning the
Company's expectations regarding the value of the potential
opportunities in the pipeline, anticipated operating results for
2006, future financial performance and cash flows and market
developments that involve risks and uncertainties. Such statements
are only predictions, and the Company's actual results may differ
materially. Factors that may cause the Company's results to differ
include, but are not limited to: risks associated with the
integration of MRC into WFI Government Services; risks associated
with increased debt leverage; risks that the anticipated benefits
of the acquisition will not be achieved; changes in the scope or
timing of the Company's projects; changes or cutbacks in spending
by the U.S. Department of Defense, which could cause delays or
cancellations of key government contracts; slowdowns in
telecommunications infrastructure spending in the United States and
globally, which could delay network deployment and reduce demand
for the Company's services; the timing, rescheduling or
cancellation of significant customer contracts and agreements, or
consolidation by or the loss of key customers; failure to
successfully consummate acquisitions or integrate acquired
operations; the rate of adoption of telecom outsourcing by network
carriers and equipment suppliers; the rate of growth of adoption of
WLAN and wireless security systems by enterprises; and competition
in the marketplace which could reduce revenues and profit margins.
The Company undertakes no obligation to update any forward-looking
statements. These and other risk factors are more fully discussed
in the Company's Quarterly Report on Form 10-Q for the period ended
September 30, 2006 and in other filings made with the Securities
and Exchange Commission. Contact: Michael Baehr VP of Corporate
Communications & Investor Relations Wireless Facilities, Inc.
858.228.2799 Direct DATASOURCE: WFI CONTACT: Michael Baehr, VP of
Corporate Communications & Investor Relations of Wireless
Facilities, Inc., +1-858-228-2799, Web site: http://www.wfinet.com/
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