SAN DIEGO-Wireless Facilities Inc. said it racked up about $40 million in new government contract wins and extensions in the fourth quarter of 2005. The network design, deployment and management company said the duration of the contracts ranges from one month to five years.
“We’re experiencing contract wins from an increasingly diverse cross section of government agencies, which demonstrates the value our customers find in the technical capabilities we provide,” stated Eric DeMarco, president and chief executive of WFI. “We look forward to continuing this momentum.”
The company said it plans to release its year-end financial results Feb. 21. The company previously warned investors that its sales were likely to fall flat during its fourth quarter because of operational problems in Latin America and hurricane-related problems in the Gulf region, where the company does much if its domestic business of building and managing Wi-Fi networks.
WFI posted a strong third quarter however. The company reported net income of $5.8 million, or 8 cents per share, after posting a $14.9 million net loss, or 22 cents per share, during the same period a year ago.
