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BearingPoint wins Army contract worth up to $255M



By AP
04 June 2008 @ 10:17 am EST

MCLEAN, Va. - Management consulting firm BearingPoint Inc. said Wednesday it won an Army contract potentially worth $255 million.

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The contract with the Army Contracting Agency is worth up to $48.2 million the first year and $255 million over five years.

Under the contract, BearingPoint will support logistics, maintenance and supply programs across the Department of Defense.

Shares of BearingPoint rose 6 cents, or more than 4 percent, to $1.35 in morning trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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