Wednesday, June 27, 2012

Unisys (NYSE: UIS) Gets Homeland Security Job Worth Up To $3B; Shrs Spike

Unisys (NYSE: UIS) Gets Homeland Security Job Worth Up To $3B; Shrs SpikePalm Beach, FL 6/27/12 (StreetBeat) -- Unisys (NYSE: UIS) shares are trading sharply higher Wednesday morning after the company said it has received a contract from the Department of Homeland Security to complete work under related to public safety communications systems. The contract includes a two-year base period and up to three one-year government optional extensions. The pact is worth up to $3 bilion over five years, the company said.

“This award gives Unisys an opportunity to provide mission-critical tactical communications systems support services to a broad range of federal agencies,” Marty Mackes, vice president for Homeland Security at Unisys Federal Systems, said in a statement.

UIS shares are getting a lift from the news: the stock is up $1.31, or 8.3%, to $17.07.

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