CDI Corp. To Continue To Provide Watercraft and Marine Engineering Services for Naval Surface Warfare Center
PHILADELPHIA, April 22, 2013 /PRNewswire/ -- CDI Corp. (NYSE: CDI) today announced that it has been awarded a new SEAPORT task order by the U.S. Navy to continue to provide watercraft engineering and marine services for the Naval Surface Warfare Center, Carderock Division, Detachment Norfolk – Combatant Craft Division (CCD).
The new task order, including all options, has a maximum value of $36 million over a two-year period. CDI will be the principal engineering and installation/alteration contractor for the CCD, providing program management and planning, design and prototype engineering and construction, design development engineering, acquisition engineering, logistics, in-service engineering and lifecycle management. CDI has provided the same services to the Navy over the past nine years.
The Combatant Craft Division is a full-spectrum, full-life-cycle technical support center for all types of combatant craft, boats, watercraft and associated systems. It supports the U.S. Navy, U.S. Special Operations Command, U.S. Army, U.S. Marine Corps, U.S. Coast Guard and other government agencies.
"We are proud of our work with the Combatant Craft Division and we are pleased with the confidence the Navy has shown in CDI," said Robert Giorgio, President of CDI's Global Engineering and Technology Solutions business. "We have a track record of success with previous national defense and homeland security initiatives and we look forward to continuing to provide the kind of engineering support and services that such important projects require and deserve."
CDI Corp. (NYSE: CDI) is an integrated, market-leading engineering and technology services firm providing differentiated, client-focused solutions in select global industries. CDI provides Global Engineering & Technology Solutions and Professional Services Staffing through its global business operations in the Americas, EMEA and APAC. The Company also provides staffing services through its franchised Management Recruiters International, Inc. (MRI) operating unit. Learn more at www.cdicorp.com
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations about the future, including regarding financial results such as revenue, are forward-looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: changes in levels of capital spending by clients; our level of success in attracting, training, and retaining qualified management and technical personnel; changes in clients' attitudes towards outsourcing; and our performance on client contracts. More detailed information about some of these risks and uncertainties may be found in our filings with the SEC, particularly in the "Risk Factors" section of our Form 10-Ks.
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SOURCE CDI Corp.
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