General Physics Corporation Receives 100% Award Fee From Arnold Engineering Development Center, Arnold Air Force Base, Tennessee
Elkridge, MD. November 25, 2008. Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), announced that it received its 19th consecutive 100% award fee from the U.S. Air Force, Arnold Engineering Development Center (AEDC), Arnold Air Force Base, Tennessee. This award is the first under a contract that was awarded to GP in January 2008 and is a result of excellent performance during the award fee period, February 1, 2008 through September 30, 2008. GP has now received consecutive 100% award fees for six-month periods dating back to 1999 under contracts supporting AEDC.
In announcing the award, AEDC cited GP’s work quality, safe work practices, technical expertise, flexibility and teamwork as key reasons.
GP provides engineering, non-destructive examination (NDE), inspection, configuration management, and other technical services to AEDC to ensure that the facility infrastructure can safely meet mission requirements. A critical service provided is the engineering analysis of AEDC’s high pressure air and gas systems that are used in the testing of rocket engines, propulsion systems, and airframes for all branches of the military and NASA. GP has been a contractor at AEDC since 1989.
GP is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). GP is a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services. GP’s solutions improve the effectiveness of organizations by delivering innovative and superior 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.gpworldwide.com.
Scott N. Greenberg
Chief Executive Officer
Chief Financial Officer