Alion Awarded Contract Valued at up to $542 Million to Support Navy’s “Team Submarine”
Engineering and Technology Firm to Help Undersea Force Meet Evolving Threats with Innovative, Cost-effective Technical and Business Solutions
McLean, VA – June 28, 2012 – Alion Science and Technology, a global engineering, R&D, IT and operational solutions company, has been awarded a contract valued at up to $542 million to provide technical and management expertise to support the U.S. Navy’s submarine force. The contract, issued by the Naval Sea Systems Command, covers a full range of services to the Team Submarine Program Offices, including engineering, logistics, program management and business and financial management.
Team Submarine unifies submarine-related organizations across the Navy to focus on strategies and solutions for undersea warfare research, development and acquisition.
“The U.S. undersea forces are crucial to the nation’s security strategy,” said Rod Riddick, Alion Senior Vice President. “Alion’s experts have been supporting the submarine force for decades, so we fully understand the environment in which they operate. This means we can implement solutions that can make the undersea fleet faster, quieter, safer and more powerful, while meeting the Navy’s financial goals.”
The contract supports the acquisition, development, and maintenance of submarines, sensors, combat systems, weapons and payloads. The period of performance runs through June 2017.
This press release contains information about management’s view of Alion’s future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of risk factors and uncertainties discussed in documents periodically filed by Alion with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.