Last weekLastLast week the US House of Representatives passed bipartisan legislation that would update the federal government's technology and systems. The bill, known as the Modernizing Government Technology Act, was introduced by Congressmen Will Hurd, Robin Kelly, and Gerry Connolly.
The US Senate is currently considering companion legislation introduced by Senators Jerry Moran and Tom Udall.
CSRA President and CEO Larry Prior released the following statement on the passage of the House bill: "CSRA is pleased to see the broad, bipartisan support for the Modernizing Government Technology Act (MGT Act). As recent cyber threats have shown, time is of the essence to upgrade our government's critical IT infrastructure. Today's passage in the House is an important step, and we congratulate Congressman Will Hurd, Congresswoman Robin Kelly, and Congressman Gerry Connolly on this achievement. We hope the companion legislation championed by Senator Moran and Senator Udall receives quick consideration in the Senate as well."
Forward-looking Statements
All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements represent CSRA's intentions, plans, expectations and beliefs, including statements about including statements about the total value realized by CSRA under the contract, the actual duration of and services delivered under the contract, the effects of the program contract on our business services, the effectiveness of our services and solutions, and our ability to enhance mission capabilities of our customers. The forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside the control of CSRA. These factors could cause actual results to differ materially from forward-looking statements. For a written description of these factors, see the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in CSRA's most recent Annual Report on Form 10-K and any updating information in subsequent SEC filings. CSRA disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise.
(Source: CSRA Inc.)
