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On Friday, IT contractor Computer Sciences (NYSE: CSC ) announced that it is one of 12 companies the Department of Homeland Security has selected to participate in an $11 billion contract to provide "support services" to the U.S. Coast Guard.
The contract, of the type known as a multiple-award, indefinite delivery/indefinite quantity contract, allows CSC, and the other 11 companies participating, to bid to perform "task orders" from time to time, on various activities that the Coast Guard needs to contract out -- for example, assisting on "ship system design and engineering, enterprise architecture, information systems, modeling and simulation, enterprise resource management, quality assurance, research and development, and systems engineering."
CSC shares reacted positively to the news, rising 1% in Friday trading to close at $48.07.