DLH to Continue Providing Enterprise Integration and Cyber-Hardening for the Naval Information Warfare Center, Atlantic
17 April 2023 - 11:26PM
DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the
“Company”), a leading provider of systems engineering and
integration, digital transformation, and science research and
development solutions to federal agencies, today announced that its
subsidiary Grove Resource Solutions LLC (“GRSi”) has been awarded a
contract to continue and expand its support for Enterprise Staging
and Delivery (“ES&D”) for the Naval Information Warfare Center
(“NIWC”) Atlantic. NIWC Atlantic is a Department of the Navy
organization dedicated to delivering secure, integrated, and
innovative technical solutions to naval, joint and national
agencies across the globe.
The contract includes a base period of one year with four
one-year options, with a total value of $14.6 million. The Company
will provide end-to-end processing of information systems including
cybersecurity hardening, adherence to procurement specifications,
IT imaging management, and supply chain management. In addition,
DLH will leverage intelligent logistics methods and tools to assist
in capacity and throughput planning, operation of the ES&D
facility itself, and full-spectrum asset tracking modernization of
government systems.
“We are proud to continue our support for NIWC Atlantic and
ES&D’s contribution to national security,” said Kelly Baldwin,
President of DLH’s National Security Programs business unit. “This
contract underscores our commitment to providing state-of-the-art
solutions for our clients, ensuring they have the most reliable,
secure, and compliant IT hardware and software to support the
warfighter.”
“This work leverages DLH’s innovative solutions and technical
capabilities in service of our nation’s forces,” said Zach Parker,
DLH President & CEO. “We are honored for this opportunity to
broaden our partnership with the Navy and remain committed to
providing the advanced processes required to ensure it can carry
out its vital mission.”
About DLHDLH (NASDAQ:DLHC) delivers improved
health and national security readiness solutions for federal
programs through science research and development, systems
engineering and integration, and digital transformation. The
Company’s experts in public health, performance evaluation, and
health operations solve the complex problems faced by civilian and
military customers alike, leveraging digital transformation,
artificial intelligence, advanced analytics, cloud-based
applications, telehealth systems, and more. With over 3,200
employees dedicated to the idea that “Your Mission is Our Passion,”
DLH brings a unique combination of government sector experience,
proven methodology, and unwavering commitment to innovation to
improve the lives of millions. For more information, visit
www.DLHcorp.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995:This press release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
relate to future events or DLH`s future financial performance. Any
statements that refer to expectations, projections or other
characterizations of future events or circumstances or that are not
statements of historical fact (including without limitation
statements to the effect that the Company or its management
“believes”, “expects”, “anticipates”, “plans”, “intends” and
similar expressions) should be considered forward looking
statements that involve risks and uncertainties which could cause
actual events or DLH’s actual results to differ materially from
those indicated by the forward-looking statements. Forward-looking
statements in this release include, among others, statements
regarding estimates of future revenues. These statements reflect
our belief and assumptions as to future events that may not prove
to be accurate. Our actual results may differ materially from such
forward-looking statements made in this release due to a variety of
factors, including: the outbreak of the novel coronavirus
(“COVID-19”), including the measures to reduce its spread, and its
impact on the economy and demand for our services, are uncertain,
cannot be predicted, and may precipitate or exacerbate other risks
and uncertainties; the risk that we will not realize the
anticipated benefits of the GRSi acquisition; (including
anticipated future financial operating performance and results);
diversion of management’s attention from normal daily operations of
the business and the challenges of managing larger and more
widespread operations resulting from the acquisition; the inability
to retain GRSi employees and customers; contract awards in
connection with re-competes for present business and/or competition
for new business; the risks and uncertainties associated with
client interest in and purchases of new services; compliance with
new bank financial and other covenants; changes in client budgetary
priorities; government contract procurement (such as bid and award
protests, small business set asides, loss of work due to
organizational conflicts of interest, etc.) and termination risks;
the ability to successfully integrate the operations of GRSi and
any future acquisitions; the impact of inflation and higher
interest rates; and other risks described in our SEC filings. For a
discussion of such risks and uncertainties which could cause actual
results to differ from those contained in the forward-looking
statements, see “Risk Factors” in the Company’s periodic reports
filed with the SEC, including our Annual Report on Form 10-K for
the fiscal year ended September 30, 2022, as well as subsequent
reports filed thereafter. The forward-looking statements contained
herein are not historical facts, but rather are based on current
expectations, estimates, assumptions and projections about our
industry and business.
Such forward-looking statements are made as of the date hereof
and may become outdated over time. The Company does not assume any
responsibility for updating forward-looking statements, except as
may be required by law.
INVESTOR RELATIONSContact:
Chris WittyPhone: 646-438-9385Email: cwitty@darrowir.com
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