Butler International Secures Largest Single Contract in Company History

Butler International, Inc., a leading provider of technical and professional services, has been awarded a significant fleet maintenance and repair outsourcing contract from NYNEX. Under the terms of the contract, Butler Fleet Services, a wholly owned subsidiary of Butler International, will provide services for over 18,000 NYNEX vehicles in New York and New England. The contract, valued at $185 million over five years, marks the largest single contract in Butler International's history.

Key Takeaways:

• Butler Fleet Services will provide preventive maintenance, emergency repairs, road calls, and other services for more than 18,000 NYNEX vehicles in New York and New England.
• The contract is for five years, with a mutually agreed upon one year extension, and has an estimated total sales value of $185 million over the five year period.
• The agreement includes provisions for using innovative approaches to the continuous improvement process to provide superior service and quality at the lowest possible cost.
• Butler International expects to utilize 400 employees in New York, Massachusetts, Vermont, Maine, New Hampshire, and Rhode Island to service this contract.
• This contract brings Butler's relationship with NYNEX to a new level of long-term partnership, providing better efficiencies in NYNEX's fleet operations.
• The contract reflects Butler's strategic emphasis on offering value-added services to its customers.

Statistics:

• Estimated total sales value of the contract over five years: $185 million
• Number of employees expected to be utilized to service the contract: 400
• Number of vehicles serviced by Butler Fleet Services: over 18,000
• Duration of the contract: five years, with a one year extension
• Geographic areas covered by the contract: New York, Massachusetts, Vermont, Maine, New Hampshire, and Rhode Island

Sources:

• PR Newswire
• Butler International, Inc."