Computer Sciences Corporation and ICO Global Communications Expand Partnership to $130 Million

Computer Sciences Corporation (CSC) and ICO Global Communications have extended their partnership with the announcement of a second stage of a contract worth $50 million. The project, valued at $130 million, will see ICO's Business Operations Support Systems (BOSS) implemented, enabling the company to offer satellite-enabled global mobile communications services. The decision to proceed with Stage II adds to the initial $80 million awarded in June and is a critical element of ICO's planned services launch in the year 2000.

Key Takeaways:

• The contract's total value has increased to $130 million, with the additional $50 million Stage II award.
• The implementation of BOSS will enable ICO to offer a wider range of services and improve operational responsiveness.
• The partnership between CSC and ICO is expected to continue as ICO's business develops.
• CSC has demonstrated flexibility and a strong willingness to make the partnership work, according to ICO's CEO, Olof Lundberg.
• Sanjeev Ahuja, CIO and Vice President of Business Operations at ICO, has praised CSC's engagement style and the application of talented resources to the ICO project.

Statistics:

• The contract's total value: $130 million (initial stage: $80 million, Stage II: $50 million)
• The amount raised in equity contributions by ICO Global Communications: over $2 billion
• The number of strategic investors in ICO Global Communications: 60
• The number of markets represented by ICO's strategic investors: over 50
• ICO's expected commencement of full commercial operations: the year 2000
• The number of employees at CSC: 45,000
• CSC's revenues for the 12 months ended Oct. 2, 1998: $7.1 billion

Sources:

• PRNewswire: "ICO Global Communications Proceeds with Systems Implementation; Contract Value Totals $130 Million".
• ICO Global Communications: "About ICO Global Communications".
• Computer Sciences Corporation: "About CSC".