Computer Sciences Corp. Inks 10-Year NASA Deal Worth Up To $597M

Computer Sciences Corp. [CSC] inked a 10-year contract with NASA Tuesday worth up to $597.1 million if all options are exercised. CSC reported total annual revenue of nearly $15 billion in its most recent fiscal year. The contract is for IT service provider CSC to give support to NASA's Advanced Supercomputing Unit at its Ames Research Center in Moffett Field, Calif. As part of the deal, CSC may also provide support to the Center for Computational Sciences at Goddard Space Flight Center in Greenbelt, Md., though that is as of yet unclear. CSC shares gained 2.21% in composite trading yesterday before the deal was announced.

Sources: Press Release, AP, Dow Jones Newswire
Commentary: Computer Sciences Considering Acquisition of iSoft • Raytheon, Computer Sciences Corp. Ink Deal With Army For Up To $11.2B • Covansys, Computer Sciences: IT Outsourcing Merger Update
Stocks/ETFs to watch: Computer Sciences Corp. (CSC). Competitors: Infosys Technologies Limited (INFY), Accenture Ltd. (ACN), Electronic Data Systems Corp. (EDS)

Seeking Alpha's news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only seconds to sign up.