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PSS Achieves Record $85 Million in 3rd Quarter Contract Awards

November 8, 2018

TYSONS CORNER, Va.--(BUSINESS WIRE)--Nov 8, 2018--Preferred Systems Solutions, Inc. (PSS) secured a record $85M in new prime and subcontract awards in the past four months to support both current and new clients across the Defense, Intelligence and Civilian markets. These awards result in a PSS book-to-bill ratio of 5.4 to 1 for the 3 rd quarter. The awards, 85% of which are prime, include both new and re-compete contracts and add eight new customers to PSS’s business portfolio. PSS will be providing software engineering & development, high-performance data analytics & cloud-based solutions to the US Transportation Command, the Defense Logistics Agency, the National Geospatial Agency, the Defense Intelligence Agency, and several other intelligence community organizations. PSS will also be providing program management and critical operational support to the Department of Homeland Security and the National Institutes of Health programs.

“These awards are a direct result of our ongoing commitment to and investment in strengthening our team, expanding our core capabilities, and developing a highly talented employee base to position PSS for sustained, strategic growth across all markets,” said Jim Ballard, CEO of PSS. “Of utmost importance, these wins provide us the opportunity to continue our world-class support to our government and industry partners.”

About PSS

PSS provides program and acquisition management, financial consulting, engineering & technical services, mobile applications, high performance computing, cloud migration, and data analytics support services to the Intelligence Community and the Civilian (FBI, DHS, GSA, NIH, etc.) and Defense (U.S. Army, U.S. Navy, Defense Logistics Agency, U.S. Transportation Command, etc.) markets. For more information, visit www.pssfed.com, or email press@pssfed.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005618/en/

CONTACT: Preferred Systems Solutions, Inc.

Ashley Cabrera, (703) 663-2777 X1713

acabrera@pssfed.com

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE MOBILE/WIRELESS MANUFACTURING ENGINEERING PROFESSIONAL SERVICES CONSULTING DEFENSE CONTRACTS

SOURCE: Preferred Systems Solutions, Inc.

Copyright Business Wire 2018.

PUB: 11/08/2018 10:45 AM/DISC: 11/08/2018 10:45 AM

http://www.businesswire.com/news/home/20181108005618/en

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