PHILADELPHIA, July 10, 2017 /PRNewswire/ -- CDI Corp. (NYSE:
CDI) today announced that it was awarded a new SEAPORT task order
by the U.S. Navy to provide Readiness Assistance Team (RAT) support
services for Commander, Naval Surface Forces Pacific (CNSP).
The new task order, including all options, has a maximum value
of $38 million over a five-year
period. CDI will be the principal contractor to CNSP providing
subject matter experts to conduct Sailor-centric engineering and
combat systems training, material review, program auditing, and
naval readiness support to enhance overall proficiency and material
readiness. The goal is to enhance CNSP ships' readiness to conduct
sustained operations at sea in support of the nation's strategic
objectives.
"The Readiness Assistance Team prime contract is an important
opportunity for CDI to provide service and support to our nation's
warfighters," said Joseph Barbano,
President of CDI Government Services. "We are extremely proud of
the Navy's confidence in CDI as a prime contractor, as expressed by
this important new support contract to the Fleet. Our Readiness
Assistance Team members are excited to be working side-by-side with
Fleet Sailors performing this vital service."
About CDI
CDI Corp. (NYSE: CDI) seeks to create extraordinary outcomes
with our clients by delivering solutions based on highly skilled
and professional talent. Our business is comprised of four
segments: Enterprise Talent, Specialty Talent & Technology
Solutions, Engineering Solutions and MRI. Our client offerings
include an array of engineering design project solutions,
information technology project solutions and managed services,
specialty technology staff augmentation, and program and managed
staffing services. Our clients are corporations in multiple
industries, including energy, chemicals, infrastructure, aerospace,
industrial equipment, technology, as well as municipal and state
governments, and the U.S. Department of Defense. We have
offices and delivery centers in the
United States and Canada. In addition, we also provide
recruiting and staffing services through our global
MRINetwork® of franchisees. Learn more at
www.cdicorp.com.
Caution Concerning Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements that address expectations or projections about
the future, including, but not limited to, statements about our
revenue from contracts, are forward-looking statements. These
statements are not guarantees of future performance and involve a
number of risks, uncertainties and assumptions that are difficult
to predict. Because these forward-looking statements are based on
estimates and assumptions that are subject to significant business,
economic and competitive uncertainties, many of which are beyond
our control or are subject to change, actual outcomes and results
may differ materially from what is expressed or forecasted in these
forward-looking statements. Important factors that could cause
actual results to differ materially from these forward-looking
statements include, but are not limited to: levels and timing of
spending by our clients; our performance under our contracts with
clients; and our level of success in attracting, training, and
retaining qualified employees. More detailed information about
these and other risks and uncertainties may be found in our filings
with the United States Securities and Exchange Commission (SEC),
particularly in the "Risk Factors" section in Part I, Item 1A of
the Company's Annual Report on Form 10-K for the year ended
December 31, 2016. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. We assume no
obligation to update such statements, whether as a result of new
information, future events or otherwise, except as required by
law.
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SOURCE CDI Corp.