CSC Signs Memorandum of Understanding With General Dynamics With Potential Value of $1.6 Billion

CSC Signs Memorandum of Understanding With General Dynamics With Potential Value of $1.6 Billion

EL SEGUNDO, Calif., Dec. 23 /PRNewswire-FirstCall/ -- Computer Sciences Corporation (NYSE:CSC) announced today it has signed a memorandum of understanding to extend CSC's information technology (IT) outsourcing contracts with General Dynamics (NYSE:GD) business units for a period of 7.25 years. CSC estimates the value of the extensions to be approximately $1.6 billion as definitive agreements are signed.

About CSC

Founded in 1959, Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $15.3 billion for the 12 months ended Oct. 1, 2004. For more information, visit the company's Web site at www.csc.com.


Source: Computer Sciences Corporation

CONTACT: Mike Dickerson, Director, Media Relations, +1-310-615-1647,
mdickers@csc.com, or Bill Lackey, Director, Investor Relations,
+1-310-615-1700, blackey3@csc.com, both of Computer Sciences Corporation

Web site: http://www.csc.com/


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