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CDI wins 5-year US Navy contract worth up to $139M

By Associated Press
May 13, 2008 | Comments (0)

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Engineering and information technology outsourcing company CDI Corp. said Tuesday a subsidiary was awarded a five-year watercraft engineering and marine services contract by the U.S. Navy worth a potential $139 million.

Under the deal's terms, CDI Marine Co. will serve as the lead contractor in the design and construction of watercraft for the Naval Surface Warfare Center in Norfolk, Va.

Shares of CDI lost 11 cents to $27.72 in after-hours trading, after closing at $27.83 during the regular session.

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