CDI Corp. To Continue To Provide Watercraft and Marine Engineering Services for Naval Surface Warfare Center

PHILADELPHIA, Oct. 17, 2016 /PRNewswire/ -- CDI Corp. (NYSE: CDI) today announced that it was awarded a new SEAPORT task order by the U.S. Navy to continue to provide watercraft engineering and marine services for the Naval Surface Warfare Center, Carderock Division, Detachment Norfolk -- Combatant Craft Division (NSWCCD-CCD).

The new task order, including all options, has a maximum value of $41 million over a two-year period. CDI will be the principal engineering and installation/alteration contractor for NSWCCD-CCD, providing program management and planning, design and prototype engineering and construction, design development engineering, acquisition engineering, logistics, in-service engineering and lifecycle management.

"We are proud of our work with the Combatant Craft Division over the past 12 years, and we are pleased the Navy has once again demonstrated confidence in CDI as a prime supplier of fleet technical and engineering services. Our employees look forward to providing the Navy the highest level of quality and services throughout this two-year contract," said Joseph Barbano, President of CDI Government Services.

The Combatant Craft Division (NSWCCD-CCD) is a full-spectrum, full-life-cycle technical support center for all types of combatant craft, boats, watercraft, amphibious vessels/vehicles, patrol coastal class ships, specialty craft/vessels, life rafts, inflatable craft, unmanned vessels/vehicles, and associated systems for the Department of Defense (DOD), other Government entities, and the maritime community. NSWCCD-CCD is chartered to support component organizations and outside agencies. NSWCCD-CCD sponsors include the U.S. Navy, Special Operations Command, U.S. Army, U.S. Air Force, U.S. Marine Corps, U.S. Coast Guard and other Government Agencies.

About CDI

CDI Corp. (NYSE: CDI) seeks to create extraordinary outcomes with our clients by delivering solutions based on highly skilled and professional talent. Our business is comprised of four segments: Enterprise Talent, Specialty Talent & Technology Solutions, Engineering Solutions and MRI. Our client offerings include an array of engineering design project solutions, information technology project solutions and managed services, specialty technology staff augmentation, and program and managed staffing services. Our clients are corporations in multiple industries, including energy, chemicals, infrastructure, aerospace, industrial equipment, technology, as well as municipal and state governments, and the U.S. Department of Defense. We have offices and delivery centers in the United States and Canada. In addition, we also provide recruiting and staffing services through our global MRINetwork^® of franchisees. Learn more at www.cdicorp.com.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to: delays or reductions in U.S. government spending; weakness or volatility in general economic conditions and levels of capital spending by clients in the industries we serve, including as a result of the U.S. elections; competitive market pressures; restrictions on the availability of funds and on our activities under our asset-based, secured credit facility; the availability, retention and cost of qualified labor; our level of success in attracting, training, and retaining qualified management personnel and other staff employees; the possibility of incurring liability for our business activities, including, but not limited to, the activities of our professional employees and our temporary employees; our performance on client contracts; negative outcome of pending and future claims and litigation; improper disclosure or loss of sensitive or confidential company, client, government, employee or candidate information, including personal data; and government policies, legislation or judicial decisions adverse to our businesses. More detailed information about these and other risks and uncertainties may be found in our filings with the United States Securities and Exchange Commission (SEC), particularly in the "Risk Factors" section in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2015. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We assume no obligation to update such statements, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE CDI Corp.

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