COLUMBIA, Md., Dec. 8, 2015 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) has been awarded a $29.6 million cost-plus-fixed-fee contract to provide technical and professional support to the US Department of Defense (DoD)/US Army Chemical Materials Activity Recovered Chemical Materiel Directorate (CMA-RCMD).
The US Army CMA-RCMD provides centralized management and direction to the DoD for the assessment and disposal of recovered chemical weapon material; and other chemical disposal missions; in a safe, environmentally sound and cost-effective manner.
The basic indefinite delivery-indefinite quantity umbrella contract scope of work is to provide lifecycle logistics services for mission critical equipment assets; operations and maintenance of the chemical demilitarization training facility (CDTF) and support facilities; and, technical training pertaining to CMA-RCMD missions. Additional task orders may be awarded for individually specified projects other than those included in the annual cost baseline during the period of performance.
The base contract is for five years from September 2015 to September 2020, with a possible five-year extension, and has a ceiling limit of $50 million.
Craig Seger, GP Strategies Senior Vice President, stated “GP Strategies has been operating and maintaining the CDTF for the CMA for more than a quarter century, and we are elated to have the opportunity to extend our professional relationship with CMA-RCMD for another decade. Our professional team is eager to assist the DoD/US Army in achieving their mission success by ensuring that facilities and equipment assets coupled with the operational and maintenance skills accumulated by the US Army and its performers are maintained in a constant state of performance readiness.”
About GP Strategies Corporation
GP Strategies (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies’ solutions improve the effectiveness of organizations by delivering innovative and superior engineering, training, consulting and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE GP Strategies Corporation
For further information: Scott N. Greenberg, Chief Executive Officer, 410-367-9640, or Sharon Esposito-Mayer, Chief Financial Officer, 410-367-9636, or Jamie Coffey, Director, Communications, 443-255-3400