Press Release
PRICE Systems Announces Major Win in Federal Market: US Naval Air Systems Command Extends PRICE Systems Support for Five More Years
MT. LAUREL, New Jersey - February 25, 2004 - PRICE Systems, the world leader in Program Affordability Management solutions for the global Federal market, today announced a contract with the US Naval Air Systems Command (NAVAIR). The five-year contract represents $10 million in revenues. PRICE Systems was selected as a provider of Cost Estimating and Analysis and Earned Value Management services for Naval Air Systems Command (NAVAIR 4.2).
PRICE has been providing these services under a Blanket Purchase Agreement (BPA) for two years. The company currently supports nine different programs on this BPA and has been able to assist NAVAIR in special surge requirements. This new BPA extends PRICE Systems' support for another five years.
"PRICE is dedicated to building long-term relationships with our clients," said Anthony DeMarco, president of PRICE Systems. "This agreement strengthens our relationship with NAVAIR to help them implement consistent cost management practices and ensure program affordability."
NAVAIR engaged with PRICE Systems' Consulting Division, based in Arlington, VA. PRICE consultants are experts in Program Affordability Management: defining, controlling and containing cost, with Defense and Federal Civilian specialties in building budgets, evaluating performance, identifying risk, analyzing tradeoffs and continuously monitoring program value.
PRICE Systems put together a team for the new BPA that includes SyTech, The Bionetics Corporation and Veridian. "With fast changing requirements, NAVAIR is looking for a well-balanced team to give them flexible options. Our team does that very well," said Larry Reagan, Vice President for PRICE Systems Consulting Services Division.
About PRICE Systems
PRICE Systems, the world leader in Program Affordability Management solutions, enables government agencies, defense programs and commercial organizations to successfully select, control and deliver large-scale, complex and high-visibility projects. The company offers cost estimating, cost analysis and knowledge capture tools, combined with expert consulting in cost estimating, and project control methods and best practices, to help customers better control costs and schedules throughout a project's lifecycle, ensuring program affordability. Established in 1975 with offices in the United States, Europe and Asia-Pacific, PRICE Systems serves more than 250 customers worldwide. More than 10,000 project professionals have been trained in the company's cost estimating and analysis methodologies.
Contact Information
Vincent Ferrara
PRICE Systems, LLC
1.856.813.2757
Vincent.Ferrara@PRICESystems.com
