“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…”
“This award continues to expand Exela’s current role in assisting with veterans’ benefits claims nationwide and is the consequence of many years of investment by Exela in digital healthcare technologies and services. Further, the award continues to build on an existing teaming agreement relationship between Exela and GDIT. Exela and GDIT have worked together for 6 years and have executed as many as six task order awards and sub-awards…” Read the full press release here.
Source: Exela Technologies and General Dynamics Awarded Contract Task Order by U.S. Department of Veterans Affairs – September 15, 2020. Exela Technologies.
