Benzinga | Sep 15, 2020 08:07AM EDT

Exela Technologies And General Dynamics Awarded Contract Task Order By US Department Of Veterans Affairs

IRVING, Texas, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela") (NASDAQ:XELA) today announced that, together with General Dynamics Information Technology ("GDIT"), it has been selected by the U.S. Department of Veterans Affairs ("VA") to provide services under the VA's Veterans Intake, Conversion, and Communication Services ("VICCS") program for a specific five-year task order, named File Conversion Service ("FCS"). The VA selected six contractors for a $2 billion umbrella contract award and Exela and GDIT have been selected to serve the VA under the FCS task order that constitutes a portion of that contract award. This new FCS program has a potential value of nearly $188 million that commences for Exela in the coming fourth quarter 2020, and thereafter over a five-year term.