L-1 Identity (ID) Announces 5-Yr Passport Contract Worth Up to $195M
L-1 Identity Solutions, Inc. (NYSE: ID) was awarded a new contract to continue providing high security production systems for U.S. passports. The indefinite quantity contract has a potential value of up to $195 million and was awarded by the Department of State (DoS) Bureau of Consular Affairs, Consular Systems and Technology Directorate to Trans Digital Technologies Corporation (TDT), a wholly owned subsidiary of L-1 Identity Solutions, Inc.
The new contract, which has a potential term of five years (one year base and four option years) follows the completion of the previous contract agreement and encompasses ongoing support of the DoS in 22 domestic passport agencies and production centers through the continued use of the MP300US printing system. Additionally, TDT will provide security products, technical support, and maintenance needed to sustain U.S. passport production operations at all current and future passport facilities.
The new contract, which has a potential term of five years (one year base and four option years) follows the completion of the previous contract agreement and encompasses ongoing support of the DoS in 22 domestic passport agencies and production centers through the continued use of the MP300US printing system. Additionally, TDT will provide security products, technical support, and maintenance needed to sustain U.S. passport production operations at all current and future passport facilities.
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