RESTON, Va., July 17, 2018 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced it was selected by the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR) to develop, operate and manage software used for the Nuclear Command, Control and Communications Navy Modernized Hybrid Solution. The Navy uses message handling software to receive, validate, store and forward secure messages from military commanders to tactical military forces.
This contract is valued at up to approximately $20 million over five years. The software developed by Unisys will be used by Navy computer and telecommunications stations as well as by Navy authorities responsible for submarine communications and other critical tactical military activities.
"For years, the U.S. Navy has trusted Unisys to help develop and maintain the secure, mission-critical software that warfighters depend upon to help them communicate during military operations," said Andrew Boyd, group vice president for defense and intelligence agencies, Unisys Federal. "We are proud to continue working with the Navy to ensure successful and secure communications between decision-makers and the forces they command."
For more information on Unisys Federal application modernization offerings, go to www.unisys.com/modernization.
Forward Looking Statements
Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. In particular, statements in this release regarding the total value of the task order are based on the assumption that the government will exercise all option years, which is at the government's discretion, and that the base period and each option year will continue for its full term. In cost-plus-fixed-fee type task orders, such as this one, the awarded value is an estimate of the cost of performance by the contractor based on the government's stated requirements and the negotiated fixed fee which is a percentage of the estimated costs. The contractor may only bill the government for the actual costs of performance plus the fixed fee. Statements in this release regarding the total value of the contract assume that the government will incur the estimated costs. Further because agreements with government agencies are terminable before the end of their terms and are subject to the availability of appropriated funds, there is no guarantee that each year of the task order will continue for its full term. Additional discussion of factors that could affect Unisys future results is contained in periodic filings with the Securities and Exchange Commission.
Unisys is a global information technology company that builds high-performance, security-centric solutions for the most demanding businesses and governments on Earth. Unisys offerings include security software and services; digital transformation and workplace services; industry applications and services; and innovative software operating environments for high-intensity enterprise computing. For more information on how Unisys builds better outcomes securely for its clients across the Government, Financial Services and Commercial markets, visit www.unisys.com.
RELEASE NO.: 0717/9603
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SOURCE Unisys Corporation