Serco Awarded $20 Million Single-Award IDIQ to Support U.S. Navy Price Fighters Program

RESTON, Va., April 24, 2015 /PRNewswire/ -- Serco Inc., a provider of professional, technology, and management services, announced the Company has been awarded a single-award indefinite delivery, indefinite quantity (IDIQ) Price Fighters contract to provide cost, price and engineering analyses for the U.S. Navy. The contract has a $20 million ceiling value over a one-year base period and 3 one-year options plus a six-month option period.

Under the contract, Serco will continue providing engineering-based cost analysis supporting the Navy, Army, Air Force, and DoD in negotiating lower prices on weapons systems and parts, saving taxpayer dollars in the process. The Price Fighters program was established to support Federal government acquisition officials as they made critical procurement decisions.  Serco has been providing critical, mission-essential acquisition support on a wide range of major DoD weapons systems for 20 years, and the Company's efforts have generated over $1B in cost savings.

"With today's military being asked to do more-with-less, Serco helped pioneer this innovative program to help the Armed Forces acquire the best possible defense capabilities while minimizing cost and waste," said Dan Allen, Serco Inc.'s Chairman and Chief Executive Officer. "As a part of the Price Fighters program, Serco will continue to provide contracting officers with the tools and support to make sure that taxpayers are getting full value for their money."

About Serco Inc.: Serco Inc. is a leading provider of professional, technology, and management services.  We advise, design, integrate, and deliver solutions that transform how clients achieve their missions.  Our customer-first approach, robust portfolio of services, and global experience enable us to respond with solutions that achieve outcomes with value.  Headquartered in Reston, Virginia, Serco Inc. has approximately 10,000 employees and an annual revenue of $1.2 billion.  Serco Inc. is a wholly-owned subsidiary of Serco Group plc, a $6 billion international business that helps transform government and public services around the world.  More information about Serco Inc. can be found at www.serco-na.com.            

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SOURCE Serco Inc.

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