CSC signs new $22 million IT outsourcing contract with URENCO

CSC (NYSE: CSC) announced that it has signed a new information technology (IT) outsourcing contract with Urenco, a leading supplier of enriched uranium to nuclear power utilities worldwide.

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The new six-year agreement, which is valued at $22 million (£10.9 million), follows a seven-year, $45 million (£23 million) IT outsourcing contract Urenco awarded to CSC in March 2007.

CSC currently provides Urenco with a full range of IT services, including desktop support, help desk services, applications development and network support, in support of its global transformation program to align best-of-breed processes across all of its plants. With the new agreement, CSC will expand coverage to include Urenco’s wholly owned subsidiary LES, which is responsible for the building and operation of Urenco’s new National Enrichment Facility in New Mexico, U.S.

The new facility, which is Urenco’s first U.S.-based plant, is the first major commercial nuclear facility to be licensed in the U.S. in 30 years and is scheduled to open in 2009. CSC also supports the company’s operations in Washington, D.C., and in the UK, the Netherlands and Germany.

“Urenco is the supplier of choice for nuclear fuel worldwide,” said Helmut Engelbrecht, Urenco chief executive officer. “Our strategy of ‘growth through investment’ has continued to prove successful by providing nuclear fuel services close to our customer base. A comprehensive global IT service is an essential factor in supporting our international operations and planned future expansion.”

“We are pleased to broaden our relationship with Urenco,” said Guy Hains, president of CSC’s European Group. “CSC’s significant expertise in the nuclear industry and track record in modernizing and integrating applications to drive innovation will help Urenco achieve its critical transformation program goals.”-CSC

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