CDI Wins $36 Million Navy Contract

Philadelphia-based CDI Corp. (NYSE: CDI  ) has won a $36 million contract to provide watercraft engineering and marine services to the U.S. Navy.

On Monday, the engineering firm announced it has been awarded a new SEAPORT task order from the Naval Surface Warfare Center's Combatant Craft Division (CCD). The task order has a maximum duration of two years, and calls for CDI to provide plans, designs, and prototypes for installations and alterations aboard "all types of combatant craft, boats, watercraft and associated systems" supported by the CCD.

CDI said it has been performing this kind of work for the Navy for nine years. CDI Global Engineering and Technology Solutions President Robert Giorgio was quoted as saying: "We have a track record of success with previous national defense and homeland security initiatives and we look forward to continuing to provide the kind of engineering support and services that such important projects require and deserve."


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2379774, ~/Articles/ArticleHandler.aspx, 9/27/2016 5:04:12 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 7 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:02 PM
CDI $5.36 Up +0.01 +0.19%
CDI CAPS Rating: ****