ATS Corp. wins HUD contract worth $13.7M
Written on June 12, 2010
McLean-based ATS Corp. has won a contract to support the Department of Housing and Urban Development’s money management systems.
ATS said that the new contract runs for five years and totals $13.7 million.
Under the contract, ATS will continue to provide application systems support for HUD's systems for program accounting, lines-of-credit, and bond payments.
It is not the information technology firm’s first work with HUD. "ATSC has provided mission-critical software development and maintenance services to the Department of Housing and Urban Development for nearly 30 years . This new award exemplifies a long track record of recompete wins for our company,” said ATS CEO Edward Bersoff.
In the first quarter, ATS (NASDAQ: ATSC) reported net income of $1.1 million, or 5 cents per diluted share, compared with $400,000, or 2 cents per diluted share, in the year-ago period. Revenue in the first quarter rose 12 percent to $30.5 million.
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