Market Overview

CDI Corp. to Provide Readiness Assistance Team Support Services for Commander, Naval Surface Forces Pacific

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PHILADELPHIA, July 10, 2017 /PRNewswire/ -- CDI Corp. (NYSE: CDI) today announced that it was awarded a new SEAPORT task order by the U.S. Navy to provide Readiness Assistance Team (RAT) support services for Commander, Naval Surface Forces Pacific (CNSP).

CDI Corp.

The new task order, including all options, has a maximum value of $38 million over a five-year period. CDI will be the principal contractor to CNSP providing subject matter experts to conduct Sailor-centric engineering and combat systems training, material review, program auditing, and naval readiness support to enhance overall proficiency and material readiness. The goal is to enhance CNSP ships' readiness to conduct sustained operations at sea in support of the nation's strategic objectives.

"The Readiness Assistance Team prime contract is an important opportunity for CDI to provide service and support to our nation's warfighters," said Joseph Barbano, President of CDI Government Services. "We are extremely proud of the Navy's confidence in CDI as a prime contractor, as expressed by this important new support contract to the Fleet. Our Readiness Assistance Team members are excited to be working side-by-side with Fleet Sailors performing this vital service."

About CDI

CDI Corp. (NYSE: CDI) seeks to create extraordinary outcomes with our clients by delivering solutions based on highly skilled and professional talent. Our business is comprised of four segments: Enterprise Talent, Specialty Talent & Technology Solutions, Engineering Solutions and MRI. Our client offerings include an array of engineering design project solutions, information technology project solutions and managed services, specialty technology staff augmentation, and program and managed staffing services. Our clients are corporations in multiple industries, including energy, chemicals, infrastructure, aerospace, industrial equipment, technology, as well as municipal and state governments, and the U.S. Department of Defense. We have offices and delivery centers in the United States and Canada. In addition, we also provide recruiting and staffing services through our global MRINetwork® of franchisees. Learn more at www.cdicorp.com.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future, including, but not limited to, statements about our revenue from contracts, are forward-looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to: levels and timing of spending by our clients; our performance under our contracts with clients; and our level of success in attracting, training, and retaining qualified employees. More detailed information about these and other risks and uncertainties may be found in our filings with the United States Securities and Exchange Commission (SEC), particularly in the "Risk Factors" section in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2016. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We assume no obligation to update such statements, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE CDI Corp.

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