General Physics Teams with Parsons on Cooperative Threat Reduction Integrating Contract II (CTRIC II)

General Physics Teams with Parsons on Cooperative Threat Reduction Integrating Contract II (CTRIC II)

ELKRIDGE, Md., June 23, 2011 /PRNewswire/ — Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), has teamed with Parsons, a firm that was selected by the Defense Threat Reduction Agency (DTRA) as one of four integrating contractors for its Cooperative Threat Reduction (CTR) Program. This 5-year (plus 1-year extension) indefinite delivery/indefinite quantity contract has a ceiling of $950 million.

Established in 1991, the CTR Program is a congressionally mandated and funded program that seeks to reduce world arsenals of weapons of mass destruction (WMDs). As an example, one of the program’s objectives is to reduce the threat to global security by eliminating stockpiled chemical weapons in Russia.

David H. Ziegler, Sr., GP’s Director of Chemical Weapon Destruction Programs, states, “GP has provided decades of training, engineering and operational services supporting the reduction of U.S. Army Chemical Weapon stockpiles domestically and looks forward to working with Parsons on the CTRIC II WMD reduction initiative globally.”

About Parsons

Parsons, celebrating more than 65 years of growth in the engineering and construction industry, is a leader in many diversified markets with a focus on infrastructure, environmental and defense/security. Parsons delivers design/design-build, program/construction management, professional services and innovative alternative delivery solutions to federal, regional and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, please visit www.parsons.com.

About GP

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 http://www.gpworldwide.com.

SOURCE General Physics Corporation

Photo:http://photos.prnewswire.com/prnh/20110404/MM77341LOGO-b
http://photoarchive.ap.org/

SOURCE: General Physics Corporation

General Physics Teams with Parsons on Cooperative Threat Reduction Integrating Contract II (CTRIC II)

PR Newswire

ELKRIDGE, Md., June 23, 2011 /PRNewswire/ — Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), has teamed with Parsons, a firm that was selected by the Defense Threat Reduction Agency (DTRA) as one of four integrating contractors for its Cooperative Threat Reduction (CTR) Program. This 5-year (plus 1-year extension) indefinite delivery/indefinite quantity contract has a ceiling of $950 million.

(Logo: http://photos.prnewswire.com/prnh/20110404/MM77341LOGO-b )

Established in 1991, the CTR Program is a congressionally mandated and funded program that seeks to reduce world arsenals of weapons of mass destruction (WMDs). As an example, one of the program’s objectives is to reduce the threat to global security by eliminating stockpiled chemical weapons in Russia.

David H. Ziegler, Sr., GP’s Director of Chemical Weapon Destruction Programs, states, “GP has provided decades of training, engineering and operational services supporting the reduction of U.S. Army Chemical Weapon stockpiles domestically and looks forward to working with Parsons on the CTRIC II WMD reduction initiative globally.”

About Parsons

Parsons, celebrating more than 65 years of growth in the engineering and construction industry, is a leader in many diversified markets with a focus on infrastructure, environmental and defense/security. Parsons delivers design/design-build, program/construction management, professional services and innovative alternative delivery solutions to federal, regional and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, please visit www.parsons.com.

About GP

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 http://www.gpworldwide.com.

(Logo: http://photos.prnewswire.com/prnh/20110404/MM77341LOGO-b )

SOURCE General Physics Corporation

CONTACT: David Ziegler, Director, Chemical Weapon Destruction Programs, +1-410-340-3707, dziegler@gpworldwide.com

Web Site: http://www.gpworldwide.com

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