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Friday, Jul 19, 2024
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SYS Technologies Deal Could Reach $17M

Information technology contractor SYS Technologies Inc. said Aug. 7 that it received a contract from the Naval Facilities Engineering Command worth $3.2 million in the first year.

After the first year, the contract has four option years, which would bring the total value to $17 million.

As part of the contract, SYS will replace many of the aged data systems at the command’s expeditionary program office.

SYS Technologies trades on the American Stock Exchange under the symbol SYS. Shares closed Aug. 7 at $2.30, up 10 cents, or 4.55 percent.

, Preet Anand

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