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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Emergent Gets Piece of Prime NASA Contract

September 12, 2000|Dow Jones

Emergent Information Technologies Inc. said Monday it received a subcontract valued at about $40 million to provide engineering, science and technology services to the National Aeoronautics and Space Administration's Goddard Space Flight Center.

Total value of the five-year prime Space and Earth Sciences Data Analysis contract is $204.5 million.

The Newport Beach company's stock, however, slid to a 52-week low of $1.88 a share before closing at $2, off 28 cents a share, in Nasdaq trading.

Emergent Information provides information technology systems, modeling and simulation services, and systems engineering to business and government.

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