Published:
CSC Signs New $22 Million IT Outsourcing Contract With Urenco
FALLS CHURCH, Va., July 3 /PRNewswire-FirstCall/ -- CSC (NYSE: CSC)
announced today that it has signed a new information technology (IT)
outsourcing contract with Urenco, a leading supplier of enriched uranium to
nuclear power utilities worldwide. The new six-year agreement, which is
valued at $22 million (10.9 million pounds sterling), follows a seven-year,
23 million pounds sterling IT outsourcing contract Urenco awarded to CSC in
March 2007.
CSC currently provides Urenco with a full range of IT services, including
desktop support, help desk services, applications development and network
support, in support of its global transformation program to align
best-of-breed processes across all of its plants. With the new agreement, CSC
will expand coverage to include Urenco's wholly owned subsidiary LES, which is
responsible for the building and operation of Urenco's new National Enrichment
Facility inNew Mexico, U.S.
The new facility, which is Urenco's first U.S.-based plant, is the first
major commercial nuclear facility to be licensed in the U.S. in 30 years and
is scheduled to open in 2009. CSC also supports the company's operations in
Washington, D.C., and in the UK,the Netherlands andGermany.
"Urenco is the supplier of choice for nuclear fuel worldwide," said Helmut
Engelbrecht, Urenco chief executive officer. "Our strategy of 'growth through
investment' has continued to prove successful by providing nuclear fuel
services close to our customer base. A comprehensive global IT service is an
essential factor in supporting our international operations and planned future
expansion."
"We are pleased to broaden our relationship with Urenco," said Guy Hains,
president of CSC's European Group. "CSC's significant expertise in the nuclear
industry and track record in modernizing and integrating applications to drive
innovation will help Urenco achieve its critical transformation program
goals."
About Urenco
Urenco is an independent, global energy and technology group, operating in
a pivotal area of the nuclear fuel supply chain which ends with the
sustainable generation of electricity for consumers around the world.
Production is from plants inUnited Kingdom,the Netherlands andGermany
utilising Urenco's own centrifuge technology. A fourth Urenco enrichment
plant is currently under construction inNew Mexico, USA. Focus is on
providing safe, cost effective and reliable uranium enrichment services for
civil power generation within a framework of environmental, social and
corporate responsibility. Our goal is to further increase worldwide market
share and to become the leading supplier in the extended global enrichment
market.
About CSC
CSC is a leading IT services company. CSC's mission is to be a global
leader in providing technology-enabled business solutions and services.
With approximately 90,000 employees, CSC provides innovative solutions for
customers around the world by applying leading technologies and CSC's own
advanced capabilities. These include systems design and integration; IT and
business process outsourcing; applications software development; Web and
application hosting; and management consulting. Headquartered inFalls Church,
Va., CSC reported revenue of $16.5 billion for the 12 months ended March 28,
2008. For more information, visit the company's Web site at
http://www.csc.com.
SOURCE CSC
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