Published: March 11, 2010
Learning Tree Awarded FAC-P/PM Training Contract Worth up to $60 Million by Department of Veterans Affairs
RESTON, Va. - (BUSINESS WIRE) - Learning Tree International (NASDAQ NGM: LTRE) announced that the
Department of Veterans Affairs (VA) has awarded Learning Tree an IDIQ
contract for delivering FAC-P/PM
training to VA employees nationwide. FAC-P/PM (Federal Acquisition
Certification for Program and Project Managers) is a governmentâspecific
project and program management discipline that has been mandated
throughout the U.S. Government by the Office of Federal Procurement
Policy.
With this contract, the VA has taken the lead to dramatically improve
the management of its programs and projects, meet increased demands, and
improve accountability. The VA's ultimate goal is the timely development
and deployment of information systems that more effectively serve the
nation's veterans. In a competitive solicitation, the VA selected the
performance solution designed by Learning Tree to support this endeavor.
The contract includes a base year and four option years, with a total
value of up to $60 million. Learning Tree estimates revenues of between
$10 and $15 million for the contract's base year. Training under this
contract began February 22, 2010.
Don Berbary, President of Reston, Virginia-based Learning Tree
International USA, Inc., said, "Learning Tree is pleased to be awarded
this contract to deliver our FAC-P/PM training solution which we
designed and developed to address the specific needs of the federal
acquisition workforce across the entry, journeyman and senior/expert
competency levels. Our approach was guided by a senior Federal Executive
Board made up of former government executives and experienced Learning
Tree subject- matter experts. With the award of the VA contract,
Learning Tree has further established itself as a leading training
partner for the Federal Government in its efforts to ensure compliance
with the FAC-P/PM mandate to improve accountability and performance on
federal capital investments."
Learning Tree has awarded subcontracts to Grant Thornton of Alexandria,
Virginia and Element K of Rochester, New York for certain tasks under
this contract.
For further information and the latest FAC-P/PM public course dates and
locations, call 1-888-THE-TREE (1-888-843-8733) or visit http://www.learningtree.com/info/facppm.
About Learning Tree International
Learning Tree International is a leading global provider of highly
effective training to managers and information technology professionals.
Since 1974, over 65,000 organizations have relied on Learning Tree to
enhance the professional skills of more than 2 million employees.
Learning Tree develops, markets and delivers a broad, proprietary
library of instructor-led courses focused on people and project
management; leadership and business skills; Web development; operating
systems; databases; networking; IT security; and software development.
Courses are presented globally at Learning Tree Education Centers and on
site at client facilities, and are available live to remote course
participants through Learning
Tree AnyWare , the Company's proprietary e-learning platform. For
more information about Learning Tree products and services, call
1-888-THE-TREE (1-888-843-8733), or visit the Learning Tree Web site at www.learningtree.com.
You can also request an investor information packet here
»
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Learning Tree International
Jackie Davey
703-925-5585
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