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Fly News Breaks for May 29, 2019
ASGN
May 29, 2019 | 09:48 EDT
According to WashingtonTechnology.com, ASGN's government services unit won a six-year, $276M maximum value contract with the Department of Homeland Security to integrate and roll out a dashboard in support of the government-wide Continuous Diagnostics and Mitigation program, Wells Fargo analyst Ed Caso tells investors in a research note. He points out the contract represents about 78% of the company's government services unit's revenue run rate and about 1.5% of the overall ASGN revenue run rate. The unit continues to bring both growth and improved revenue stability to ASGN, Caso tells investors in a research note. He reiterates an Outperform rating on the shares. ASGN is down 25c to $50.95 in early trading.
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