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CSC Signs New $22 Million IT Outsourcing Contract With Urenco

FALLS CHURCH, Va., July 3 PRNewswire-FirstCall — CSC (NYSE: CSC) announced today that it has signed a new information technology (IT) outsourcing contract with Urenco, a leading supplier of enriched uranium to nuclear power utilities worldwide. The new six-year agreement, which is valued at $22 million (10.9 million pounds sterling), follows a seven-year, 23 million pounds sterling IT outsourcing contract Urenco awarded to CSC in March 2007.

CSC currently provides Urenco with a full range of IT services, including desktop support, help desk services, applications development and network support, in support of its global transformation program to align best-of-breed processes across all of its plants. With the new agreement, CSC will expand coverage to include Urenco's wholly owned subsidiary LES, which is responsible for the building and operation of Urenco's new National Enrichment Facility in New Mexico, U.S.

The new facility, which is Urenco's first U.S.-based plant, is the first major commercial nuclear facility to be licensed in the U.S. in 30 years and is scheduled to open in 2009. CSC also supports the company's operations in Washington, D.C., and in the UK, the Netherlands and Germany.

"Urenco is the supplier of choice for nuclear fuel worldwide," said Helmut Engelbrecht, Urenco chief executive officer. "Our strategy of 'growth through investment' has continued to prove successful by providing nuclear fuel services close to our customer base. A comprehensive global IT service is an essential factor in supporting our international operations and planned future expansion."

"We are pleased to broaden our relationship with Urenco," said Guy Hains, president of CSC's European Group. "CSC's significant expertise in the nuclear industry and track record in modernizing and integrating applications to drive innovation will help Urenco achieve its critical transformation program goals."

About Urenco

Urenco is an independent, global energy and technology group, operating in a pivotal area of the nuclear fuel supply chain which ends with the sustainable generation of electricity for consumers around the world. Production is from plants in United Kingdom, the Netherlands and Germany utilising Urenco's own centrifuge technology. A fourth Urenco enrichment plant is currently under construction in New Mexico, USA. Focus is on providing safe, cost effective and reliable uranium enrichment services for civil power generation within a framework of environmental, social and corporate responsibility. Our goal is to further increase worldwide market share and to become the leading supplier in the extended global enrichment market.

About CSC

CSC is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.

With approximately 90,000 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 Falls Church, Va., CSC reported revenue of $16.5 billion for the 12 months ended March 28, 2008. For more information, visit the company's Web site at http://www.csc.com.

SOURCE CSC

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