ATS Corporation Announces New Contract Award Totaling $30 Million with the Pension Benefit Guaranty Corporation

ATS Corporation

today announced that it has been awarded a new Indefinite Delivery, Indefinite Quantity contract with a $30 million ceiling over a multiple year term by the Pension Benefit Guaranty Corporation. This single-award contract, beginning this month, represents the continuation of the Company's software development, maintenance, and operational services to PBGC's Office of Information Technology in managing the Benefit Management Applications suite of solutions for its core business division, the Benefit Administration Payment Department. The purpose of the BMA suite of applications is to manage beneficiary information and disbursement of pension benefit payments exceeding $440 million each month to over 750,000 people. "ATSC is pleased to continue its ten-year partnership with PBGC in supporting its critical mission that includes the timely and uninterrupted payment of pension benefits. While we have several active contracts with this customer, this award represents the largest effort, and the contracting vehicle provides the flexibility for us to broaden the range of support we provide," said ATSC Co-Chief Executive Officer and Chief Financial Officer, Pamela Little. "Furthermore, this award represents one of the last back-to-back key recompete and follow-on contracts for us, which has secured much of our business for the next few years and significantly added to our backlog."