TASC's Plans for Expansion Into New Markets Prove Successful

Key 2010 program awards provide springboard as company marks first anniversary of independence

Dec 21, 2010, 14:35 ET from TASC, Inc.

CHANTILLY, Va., Dec. 21, 2010 /PRNewswire/ -- Major wins in space, air and ground have soundly positioned TASC, Inc. for growth in 2011 and beyond. During its first year as an independent company, TASC leveraged its high-end capabilities to secure significant new business in areas previously not open to TASC within the Department of Defense and civilian agencies of the federal government.  In its traditional Intelligence Community and DOD market space, TASC successfully pursued and won new business, task orders and recompetes of existing contracts.  

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"TASC is now more flexible and better able to meet our customers' evolving needs, particularly in a time when the threat environment is constantly changing and national security budgets are constrained," says Wood Parker, president and chief executive officer of TASC.  "The people of TASC have worked extremely hard to stand up an independent company, complete with a new infrastructure, while continuing their excellent work in support of our customers' complex mission requirements.  At the same time, we have pursued and won new business for which we could not have competed in the past."  

Key success measures include:

  • An aggregate 80 percent win rate. Major new wins include a $200 million systems engineering and integration prime contract to support the Space Based Infrared System (SBIRS) program, and the FAA SE2020 prime contract worth up to $827 million to support the transition to NextGen, the nation's new air traffic control system.
  • High performance ratings, a strong backlog and a rich pipeline of new and projected new business. The backlog is further strengthened by key IDIQ wins, including the U.S. Navy's Seaport-e and TSA's TESS program.
  • Hiring of more than 900 new engineers, analysts and other technical personnel. TASC plans to hire approximately 1,200 more people in 2011.
  • Implementation of competitive health, welfare and education benefits, which reaffirms TASC's commitment to its employees and investment in an inspiring work environment.

"We are proud that the U.S. government continues to rely on TASC to provide the objective technical analysis needed to make critical decisions for the safety and security of our country," says Parker.  "Our success this year is further evidence that we are well positioned for continued long-term growth.

The first division of a major prime defense contractor to become independent and non-conflicted, TASC separated from Northrop Grumman Corporation in December 2009 to comply with new federal organizational conflict of interest rules. An investor group led by Kohlberg Kravis Roberts & Co. (KKR) and global growth investor General Atlantic, LLC acquired TASC in partnership with the company's management. The separation was rated as one of the defense sector's top transactions of 2009.

About TASC

Founded in 1966, TASC, Inc. is a leading, non-conflicted provider of advanced systems engineering, integration and decision-support services to the Intelligence Community, Department of Defense and civilian agencies of the federal government. A unit of Northrop Grumman Corporation from 2001 to 2009, TASC became an independent company in December 2009. With 5,000 employees in 38 locations, TASC generates more than $1.6 billion in annual revenue. For more information and career opportunities, visit our website at www.tasc.com.

Media Contact:  Christine Nyirjesy Bragale, TASC Public Relations Manager, Christine.Bragale@TASC.com, (703) 653-5996

SOURCE TASC, Inc.



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