WFI Awarded $6 Million Contract to Support Military Sealift Command
SAN DIEGO, May 30, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- WFI (Nasdaq: WFII), a global leader in the design, deployment, and management of wireless communication networks, information technology solutions and security systems, announced today that it has received an award to provide support to the Military Sealift Command (MSC) as part of the Professional Business IT Support Services Contract. The award value is estimated at approximately $6 million over the next four years, assuming all option periods are exercised. Under the terms of the contract announced today, WFI will continue to provide technical support to the MSC, including data warehousing IT support and integration and sustainment services. Further terms of the award were not disclosed.
"We are pleased to make this announcement today for two very important reasons," commented Robin Mickle, President of WFI Government Services, Inc. "First, because this award is a continuation of work we have already been doing for MSC, this contract demonstrates the value our customer places on the quality of services we have provided to-date. Second, this contract emphasizes WFI's cumulative IT expertise in supporting the DoD, a growing area of our business. We look forward to continuing our work on this important contract for MSC."
Military Sealift Command is the transportation provider for the U.S. Department of Defense with the responsibility of providing strategic sealift and ocean transportation for U.S. military forces. Specifically, the mission of MSC is to provide ocean transportation of equipment, fuel, supplies and ammunition to sustain U.S. forces worldwide during peacetime and in war for as long as operational requirements dictate.
WFI Government Services, Inc. is a wholly-owned subsidiary of WFI, with offices and project locations throughout the United States. Areas of expertise include technical resources consulting, logistics and RFID solutions, homeland security and public safety applications and communications technology services.
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 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 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: 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 March 31, 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 michael.baehr@wfinet.com
SOURCE WFI
Michael Baehr, VP of Corporate Communications & Investor Relations of Wireless Facilities, Inc., +1-858-228-2799, michael.baehr@wfinet.com
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