Jacobs Engineering Group Inc. will help the Air Force test and evaluate its sensor technologies under an eight-year contract that has a potential value of $19.7 million.
The newly formed Torrent Government Contracting Services LLC plans to bid on federal and state government contracts with business partners that include Wells Fargo and Co., Connective Technologies Inc. and ChoicePoint.
With the national economy in a deep recession and the Obama administration putting billions of dollars into recovery and bailout programs, venture capital firms are simultaneously cautious about new investments and guardedly optimistic about the future.
Unisys Corp. will provide information technology services to the Army Logistics Innovation Agency under a three-year task order that could be worth as much as $7.1 million if all options are exercised.
SAIC will assist Sensor Technologies Inc. with maintenance support for the Army Communications and Electronics Command under a four-year contract worth more than $115 million.
Computer Sciences Corp. and its protégé company Vision Technologies Inc. will provide infrastructure services to the Environmental Protection Agency under an eight-year contract that has a cumulative value of $102 million.
DLT Solutions Inc. will install commercial software applications throughout the Defense Department under a five-year contract that has a maximum value of $18 million.
ITS Corp. will help the Agriculture Department develop new information technology systems under a three-year, $36.8 million General Services Administration task order.
Company officials said the move has allowed them to reach a financial restructuring agreement with senior secured lenders that will significantly reduce the company’s debt and improve its capital structure.
