WFI Receives an Increase of $7 Million in Base Period Ceiling for the Space and Naval Warfare Systems Center San Diego Contract Supporting the Joint I25 April 2006
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 increase in base period ceiling of $7 million for the Space and Naval Warfare Systems Center (SPAWARSYSCEN) San Diego contract supporting the Joint Interagency Task Force (JIATF) South.
Under the contract, WFI will continue to provide operations and maintenance support, engineering and technical services, computer programming, software support activity services, materials management, and logistics support services for the SPAWARSYSCEN San Diego, the U.S. Southern Command (SOUTHCOM), and the JIATF South C4ISR systems and subsystems in all areas including South American countries, shore sites, land based facilities, shipyards, and on-board ships in port and at sea.
The contract was originally awarded to WFI in June of 2003, and has a five year base period and eight 6-month award terms which, if all are exercised, can extend the life of the contract to 2012. The increase in ceiling of $7 million applies to the final two and one half years of the contract's base period and brings the new total value to approximately $35 Million over the life of the contract.
"We are pleased to continue working closely with SPAWARSYSCEN San Diego SOUTHCOM, and JIATF South to ensure the best technical capabilities are deployed," said Eric Demarco, president and CEO of WFI. "The increased base period ceiling demonstrate WFI's ability to provide an extensive range of engineering and technical support services and resources to the expanding and transforming Naval mission in the Southern Hemisphere."
"Building on this strategic partnership with the SPAWARSYSCEN San Diego, SOUTHCOM, and JIATF South gives us the opportunity to continue to provide critical knowledge and expertise to our Government customers," said Robin Mickle, President of WFI Government Services, Inc. "Our work with these commands represents our significant commitment to the growth and support of DoD C4ISR programs."
WFI Government Services, Inc. is a wholly-owned subsidiary of the Company, 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 http://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-K for the period ended December 31, 2005 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: prnewswire
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