The Federal Deposit Insurance Corporation (FDIC) today announced the award of the Infrastructure Support Services (ISS) contract to SRA International, Inc.

The five-year, performance-based contract is a key part of the effort to consolidate the FDIC's information technology contracts. The contract has an estimated value of more than $300 million over five years if all options are exercised.

Under the contract, which consolidates a total of 36 labor- and service-based contracts, SRA International will provide infrastructure support services to the FDIC. These services include program management; client and help desk support; data center operations and local network administration; security operations and support; systems engineering and integrations; and equipment distribution.

Consolidating the existing contracts into one vehicle is expected to improve infrastructure performance and service to FDIC employees, reduce the administrative burden and provide overall cost savings. The results-based contract includes specific performance metrics and standards to ensure contractor accountability.

SRA International, Inc., and its core team, which includes Unisys and Northrop-Grumman, will begin the contract transition process on September 27. The FDIC worked with the General Services Administration's Federal Systems Integration and Management Center to award the contract.

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,079 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet via the World Wide Web at www.fdic.gov and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).