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ECS Named Prime Contractor on $60B OASIS+ IDIQ

1. ECS named prime contractor under GSA's OASIS+ contract vehicle worth $60 billion. 2. ECS received awards in management, technical services, and intelligence services domains. 3. ECS will enhance federal operations with innovative solutions and advanced technologies. 4. ASGN, through ECS, strengthens its position in government IT services market. 5. GSA seeks streamlined procurement for complex services benefitting ECS operations.

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Why Bullish?

The $60 billion contract suggests significant revenue potential for ASGN via ECS. Similar past government contracts have led to increased stock performance in tech companies.

How important is it?

This article highlights ECS's role, a major ASGN segment, in securing large contracts. The potential revenue impact from government contracts could significantly influence ASGN's valuation.

Why Long Term?

The OASIS+ contract spans up to 10 years, ensuring sustained revenue growth for ASGN. Over time, this establishes a solid foundation for corporate stability and expansion.

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ASGN
FAIRFAX, Va.--(BUSINESS WIRE)--ECS, an IT systems integrator focused on data and AI, cybersecurity, and enterprise transformation solutions, and an ASGN (NYSE: ASGN) brand, has been named a prime contractor in multiple domains under the General Services Administration’s (GSA) Unrestricted One Acquisition Solution for Integrated Services Plus (OASIS+) government-wide, multi-award, indefinite delivery/indefinite quantity (IDIQ) contract vehicle. The OASIS+ vehicle has an estimated total spend of $60 billion over a maximum of 10 years. Administered by the GSA Office of Professional Services and Human Capital Category (PSHC), the OASIS+ vehicle is designed to support federal agencies' procurement requirements for services-based solutions. ECS received awards in the following domains: Management and Advisory Technical and Engineering (T&E) Research and Development (R&D) Intelligence Services (INTEL) Enterprise Solutions GSA has expressed a need for federal agencies to access streamlined, cost-effective solutions under the OASIS+ contract, facilitating efficient procurement of complex professional services like engineering, logistics, and financial management. As a prime contractor, ECS will provide management and consulting services to enhance federal agencies’ performance, offering technical expertise in engineering, geosciences, and experimental development across various disciplines, including life sciences, nanotechnology, and biotechnology. ECS will also support mission-critical operations through advanced command, control, communications, and intelligence capabilities, as well as enterprise-level solutions for emerging technologies. “ECS has a strong track record of helping federal agencies meet and exceed their requirements, and we’re pleased to continue our support for GSA’s core mission: enabling federal agencies to achieve their goals effectively,” said John Heneghan, president of ECS. “Across the government, we see an increasing emphasis on improving business systems and processes to enhance efficiency and enable operational excellence. Through OASIS+, we are well positioned to develop and deliver innovative solutions to help our government customers optimize operations and achieve mission success.” About ECS ECS, a key segment of ASGN Incorporated, is a trusted IT systems integrator serving government agencies. ECS provides modern digital solutions that enable fast and efficient decision making and support the effective execution of government agency operations. ECS’ leading-edge AI, cybersecurity, and open data management solutions boost collaboration, innovation, and worker productivity, improve employee and customer experiences, and protect critical agency data and assets. For more information, visit ECStech.com. About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, please visit asgn.com. Safe Harbor Certain statements made in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated financial and operating performance. All statements in this news release, other than those setting forth strictly historical information, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results might differ materially. For a full list of risks and discussion of forward-looking statements, please see our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 23, 2024. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release.

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