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CSC anchors U.S. Coast Guard contract

The U.S. Coast Guard brings Computer Sciences on board for a $6.9 million contract to modernize the Guard's military pay and personnel systems.

The U.S. Coast Guard is hoping to sail into smoother pay and personnel systems with help from Computer Sciences.

Under the $6.9 million, two-year contract, CSC is charged with the task of modernizing the Coast Guard's military pay and personnel systems for active, reserve, and retired forces.

CSC will integrate PeopleSoft's enterprise resource software for human resources, benefits, and payroll into the Coast Guard's next-generation pay and personnel system.

"As both a systems integrator and an active alliance partner with PeopleSoft, CSC is uniquely positioned to respond to the needs of the Coast Guard," Michael W. Pahen, president of CSC's Civil Group, said in a statement.

In recent months, CSC has won a slew of high-priced government contracts. The company clinched a blockbuster deal to modernize the U.S. tax system, reported to be worth $2 billion to $3 billion, and a contract with the General Services Administration expected to generate $250 million in revenue over ten years. CSC also inked a nine-year agreement to provide consulting services to the U.S. Postal Service, worth up to $198 million.

So far this fiscal year, CSC has won $4.7 billion in U.S. commercial, federal, and international contracts, according to Morgan Stanley Dean Witter.

CSC had revenue of $7.4 billion for the twelve months ended January 1, 1999.

Shares in the El Segundo, California-based company fell 0.8 to close at 56.6 in trading today. The company's stock has risen as high as 74.87 and as low as 46.25 in the last 52 weeks.