STG wins $67.3M contract to support State financial, compensation systems

STG Inc. has won a $67.3 million contract with the State Department to provide operations and maintenance of more than a dozen major application systems that support worldwide compensation and financial operations.

The contract, called the Compensation and Financial System Services contract, will last five years, and will have STG dealing with systems that handle day-to-day compensation and financial transactions for more than 185 State employees worldwide and pay more than 85,000 State Department and serviced agency employees, STG said in a release.

This contract continues a relationship that the company has had with the State Department for more than 25 years, the company said.