THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, August 20, 1996 TAG: 9608200524
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
SOURCE: BY CHRISTOPHER DINSMORE, STAFF WRITER
LENGTH: 41 lines
ACS Systems & Engineering Inc. says it has won several contracts and plans to hire up to 70 new employees in the coming months.
The recently awarded contracts will be worth about $15 million a year to the Virginia Beach-based telecommunications support services firm, said W.A. ``Wes'' Gibson, ACS executive vice president.
``There's been some major wins for us in the past few months,'' Gibson said.
ACS currently employs about 75 people.
``Over the last two years we have really grown,'' Gibson said.
Indeed, Gibson said, the company will be recognized as one of the 500 fastest-growing companies in the nation in an upcoming issue of Inc. magazine.
Since 1991, ACS' revenue has grown 1,785 percent, he said.
ACS won several of the recent contracts directly from the federal government and one as a subcontractor.
The company is hiring about 50 people to support a subcontract it won from Lockheed Martin Corp. Lockheed brought ACS in to provide engineering support on an Army contract to install ``sustained base information systems.''
ACS technicians will work at 22 Army sites in the United States and 40 in Europe. That contract is worth about $5 million a year.
ACS also won two contracts from the General Services Administration for cable plant surveys and fiber-optic cable installation at government properties throughout the United States. Each of those contracts is worth about $2.8 million annually.
The Navy's Fleet Industrial Supply Center in San Diego awarded ACS a five-year, $14.8 million contract to distribute fiber-optic cable to Defense Department and other federal agencies.
Finally, ACS won a five-year contract worth $600,000 a year from Naval Command, Control and Ocean Surveillance In-Service Engineering East Coast Division. ACS will provide technical support for a data center in Norfolk, including technical writing and computer-aided design. by CNB