CDI Awarded Engineering and Marine Services Contract by U.S. Navy

PHILADELPHIA, May 13 /PRNewswire-FirstCall/ -- CDI Corp. announced today that CDI Marine Company, a CDI-Government Services business unit, was awarded a watercraft engineering and marine services contract by the U.S. Navy in support of Naval Surface Warfare Center, Carderock Division, Detachment Norfolk -- Combatant Craft Division (CCD).

CDI-Government Services, part of the CDI Engineering Solutions division, provides U.S. Government clients with engineering, design, logistics and light manufacturing expertise; project management and IT solutions; and technical and IT staffing services.

The total contract, including all options, has a maximum value of $139 million over a five-year period. This new contract represents an expanded role for CDI-Government Services in support of CCD in the areas of program management and planning, design and prototype engineering and construction, design development engineering, acquisition engineering, logistics, and in-service engineering and life cycle management. CDI Marine Company, serving as the prime contractor, will function as the team leader for "Team Watercraft", a group of companies representing expertise in watercraft engineering.

The Naval Surface Warfare Center, Carderock Division, Detachment Norfolk -- Combatant Craft Division (CCD), is a full spectrum, full lifecycle technical support center for all types of combatant craft, boats, watercraft, and associated systems. CCD supports the U.S. Navy, U.S. Special Operations Command, U.S. Army, U.S. Marine Corps, U.S. Coast Guard and other government agencies.

"CDI is proud to contribute to such an important contract," said Robert Giorgio, President of CDI Engineering Solutions. "We are pleased with the confidence that the U.S. Navy has shown in CDI and are dedicated to leveraging our engineering strength to make a significant contribution to this contract effort."

About CDI

Headquartered in Philadelphia, CDI Corp. is a leading provider of engineering and information technology outsourcing solutions and professional staffing. Its operating units include CDI Engineering Solutions, CDI IT Solutions, CDI AndersElite Limited and Management Recruiters International, Inc. Visit CDI at http://www.cdicorp.com/.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations about the future, including regarding financial results such as revenue, are forward-looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward- looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: changes in levels of capital spending by customers; our level of success in attracting, training, and retaining qualified management and technical personnel; changes in customers' attitudes towards outsourcing; and our performance on customer contracts. More detailed information about some of these risks and uncertainties may be found in our filings with the SEC, particularly in the "Risk Factors" section of our Form 10-K's.