Benzinga | Jul 20, 2021 03:13PM EDT

Maximus Secures Two Contracts Worth $151M At IRS For Modernization And Support

MAXIMUS, Inc. (NYSE:MMS) has been awarded two contracts from the Internal Revenue Service (IRS) for a combined value of $151 million.

* Maximus would help IRS with large-scale cloud migration and train IRS employees on new systems and technologies.

* The first contract is a $76 million task, funded by the Office of the Chief Information Officer, with the Treasury Department's IRS to provide Masterfile System Programming Support Services.

* The second contract is a $75 million Development, Infrastructure, Security and Modernization (DISM) task to support the Treasury Department's IRS Office of the Chief Information Officer to provide Technology Integration Office support.

* Price Action: MMS shares trading higher by 2.32% at $87.62 on the last check Tuesday.