ARLINGTON, Va., Aug. 5, 2015 /PRNewswire/ -- National Technologies Associates, Inc. (NTA) announced today their win of the Stricken Aircraft Reclamation and Disposal Program contract, effective July 10th, 2015. The win provides a new customer for NTA with a potential for at least $2.5 million in annual revenue over the next five years. This supports the company's overall strategy of expanding into new Department of Defense markets.
"This win validates our strategy to move into new customer markets where we can deliver the same high-quality engineering and life cycle sustainment services that we have provided to NAVAIR for the past 30 plus years," said NTA CEO Michael Fraser. "This opportunity will allow NTA to provide a flexible, economical and effective means to increase fleet readiness and safety."
The contract comes from the Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS), a new client for NTA. The total value of the contract is roughly $12.5 million but can be increased over the 5-year timeframe. Performance will take place in multiple client locations along the East Coast of the United States of America.
National Technologies Associates, Inc. (NTA) was founded in 1981 to provide a full range of technical support services to government clients. Over the past several years, NTA has focused exclusively on Department of Defense clients, helping clients design, acquire, operate and maintain a variety of complex systems throughout their life cycle. NTA also provides information technology, training and outsourcing services. The company, which has annual revenues of approximately $50 million, has grown to nearly 500 full-time professionals and now operates 20 offices nationwide.
Learn more about National Technologies Associates from their website www.nationaltechnologiesassociates.com.
Vice President, Strategy & Business Development
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SOURCE National Technologies Associates, Inc.