2007-05-23 15:11:42 -

HERNDON, Va., May 23 /PRNewswire-FirstCall/ -- EDS today announced it has been selected by the U.S. Defense Finance and Accounting Service (DFAS) to provide information technology support for software development and maintenance of financial and accounting systems under the DFAS Financial Integrated Systems Services-III (DFISS-III) contract. EDS is one of four companies that will compete for task orders under the five-year blanket purchase agreement with a $500 million ceiling.

EDS will support the DFAS - Technology Services Organization as it provides services such as planning and developing architectures; designing, building,

operating and maintaining essential DFAS infrastructure systems; providing software engineering services in accordance with DFAS standard methods and procedures; and establishing and managing the DFAS enterprise information infrastructure architecture and engineering environment. These services will support DFAS as it continues to streamline and realign its business functions.

As an incumbent contractor on the DFISS-I and DFISS-II contracts, EDS provided support services to DFAS in the successful deployment of essential programs such as the Deployable Disbursing System, to provide automated funds disbursement in support of warfighters and military contractors; and the Capital Asset Management System - Military Equipment Inventory Valuation System.

The EDS team includes General Dynamics Information Technology, PricewaterhouseCoopers, Bucher & Christian Consulting and several small business partners.

"EDS and its partners have proudly supported DFAS for 16 years and we are extremely gratified at this opportunity to extend our relationship into the future," said Jim Duffey, general manager, EDS U.S. Public Sector. "We look forward to further assisting DFAS in its mission to serve the needs of those who defend our country."

About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at http://www.eds.com/.

The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Brad Bass - EDS 703-733-3193 Brad.bass@eds.com

Source: Electronic Data Systems Corporation