FDIC awards $550 million IT services contract

The Federal Deposit Insurance Corporation awarded four contractors a 10-year $550 million contract to provide information technology application services.

The agency awarded the contract to Booz Allen Hamilton Inc., IBM Corp., Lockheed Martin Corp. and Pragmatics Inc. Pragmatics is a minority owned small business.

The IT services they will supply include application development and maintenance, organizational and management support, data management and software process improvement.

The contract consolidates about 50 contracts and will work will be awarded through performance-based, competitive task orders, the agency said.

The FDIC insures deposits in banks and thrift institutions for up to $100,000 and identifies and monitors risks to the deposit insurance funds.

The contract services are expected to improve the software processes for maintaining the secure application systems that support the FDIC's business requirements.

The contract will take effect April 1.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.