GSDT Fintech Group Inc. (GSDT)

[RichieRich49]

The $140M was mentioned in the CC as coming from the Stanley DOS CA GSS contract. The $2.8B contract is spread out over 10 years with one new region of the world being awarded every month for 21 months.

There are 2 primes, Stanley and CSC whom Sym said should each receive 50% of the total TO's. STS should get 9-10% of the 50% or 5% of the total which is $140M.

They mentioned that a few contracts have been slow to develop such as the BOSS-U contract but they have been bidding on contracts every month and winning some small ones, and that July was very busy.

We shall know more when they release a PR of TO's awarded.


Here is the PR from Stanley on the contract:

ARLINGTON, Va., March 11 /PRNewswire-FirstCall/ -- Stanley, Inc. (NYSE: SXE), a leading provider of systems integration and professional services to the U.S. federal government, today announced that it has been selected as one of two prime contractors on the 10-year multiple award, indefinite-delivery, indefinite-quantity Global Support Strategy (GSS) contract by the U.S. Department of State, Bureau of Consular Affairs (DoS CA), to provide business process support services for both non-immigrant and immigrant visa-related operations at U.S. embassies and consulates abroad under a performance-based arrangement. The firm-fixed-price award has a $2.8 billion contract ceiling and includes a one-year base and nine one-year option periods.

Under the contract, Stanley will have the opportunity to provide oversight and management of support services for worldwide U.S. visa operations in up to 149 GSS countries.

"We are proud of the capabilities we offer to the State Department on the GSS contract and believe our solution provides comprehensive, secure, customer-centric, scalable and efficient delivery of GSS services around the globe," said Howard Ady, Stanley vice president and GSS program manager. "Our team offers international experience with a detailed understanding of various factors affecting the countries and citizens who will be served. Stanley and our subcontractors, VFS Global, Computer Frontiers, STS-Corporation and IBM, look forward to beginning work under this essential contract vehicle and working with our global team members to meet all DoS CA expectations."

"Stanley has a long-standing, 17-year partnership supporting DoS CA in a wide range of passport and visa services, including modernization of consular systems, visa systems training at 250 overseas embassies and consulates, and implementation of the first-ever passport book print facilities," said Phil Nolan, Stanley chairman, president and CEO. "We greatly value our service to DoS CA and fully appreciate the importance of this GSS initiative."