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Monday, Jan 30, 2023
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SYS Snaps Up Navy Technology Contract

SYS Technologies, a locally based firm providing technology services mainly to federal agencies, said March 6 it was awarded a five-year prime contract valued at $29.7 million from the Space and Naval Warfare Systems Center, Charleston. The award was received along with an initial task order for $522,000.

In February, SYS agreed to be acquired by San Diego-based Kratos Defense & Security Solutions Inc. for about $53 million in stock at the time of the agreement. The deal requires approval of both companies’ shareholders. SYS has annual sales of about $80 million, and 430 employees.

, Mike Allen

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