Oct. 1, 2009 (PR Newswire) --
ARLINGTON, Va., Oct. 1 /PRNewswire-FirstCall/ -- Stanley, Inc. (NYSE: SXE), a leading provider of systems integration and professional services to the U.S. federal government, today announced that it was awarded a five-year, single-award, indefinite-delivery/indefinite-quantity contract with a $64 million ceiling by the U.S. Army to support the Aviation and Missile Research, Development and Engineering Center (AMRDEC) in the development of Advanced-Capability Insensitive Munition Warheads.
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"Stanley is proud to continue our support of AMRDEC to enhance the performance of systems in the field," said Scott Hill, Stanley vice president. "We look forward to providing the warfighter with these innovative technologies to better meet their missions around the world."
AMRDEC provides technology solutions for U.S. soldiers and military worldwide. This award sustains the Army technology objective for smaller, lighter, cheaper munitions components, which seeks to integrate multi-purpose, insensitive munition-compliant warheads that will efficiently defeat armor, fortified structures and personnel. The technologies developed under this contract will result in improved performance of current missile systems against future threats, improve insensitive munitions response to threats, and allow munitions to provide effects against a wide variety of threats.
About Stanley
Stanley (NYSE: SXE) is a provider of information technology services and solutions to U.S. defense, intelligence and federal civilian government agencies. Stanley offers its customers systems integration solutions and expertise to support their mission-essential needs at any stage of program, product development or business lifecycle through five service areas: systems engineering, enterprise integration, operational support, business process outsourcing, and advanced engineering and technology. Headquartered in Arlington, Va., the company has approximately 4,800 employees at over 100 locations in the U.S. and worldwide. Stanley has been recognized by FORTUNE magazine as one of the "100 Best Companies to Work For" from 2007 through 2009. Please visit www.stanleyassociates.com for more information.
Any statements in this press release about our expectations about future financial performance, plans and prospects, including statements containing the words "estimates," "anticipates," "plans," "expects" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2009, as filed with the Securities and Exchange Commission (SEC), and additional filings we make with the SEC. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. Except as required by law, we assume no obligation to update publicly or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.
SOURCE Stanley, Inc.
