BearingPoint Awarded Contract Valued Up to $57.9 Million to Provide IT Management Support to U.S. Navy

BearingPoint, Inc. (NYSE:BE), one of the world’s largest management and technology consulting firms, has been awarded a contract to provide business transformation, Navy Marine Corps Intranet (NMCI), and IT support services for the U.S. Navy’s Naval Network Warfare Command (NETWARCOM). The contract is for one year with four annual options, and has an award ceiling of $57.9 million. BearingPoint will assist NETWARCOM in meeting their mission to deliver and operate a reliable, secure and battle-ready global network to United States Fleet Forces. BearingPoint’s scope of work under the contract will include development of broad business transformation strategies, as well as a variety of IT and consulting services including: Transitioning users from legacy networks to NMCI Supporting the reduction of legacy applications Developing account and file-share processes and policies Hardware and software technical refresh support Consultation on CIO-level initiatives including Information Assurance, portfolio management through Cyber Asset Reduction and Security tasks, and Next Generation Enterprise Network strategies NMCI serves as the Department of the Navy’s connection to the Global Information Grid and provides a secure, integrated means to conduct Network Centric Operations throughout the Navy. The move to shift all personnel to NMCI and eliminate costly, less secure legacy IT systems is a high priority for Navy leadership. BearingPoint has provided support to the NETWARCOM’s NMCI program office since its inception in 1999, designing many of the current NMCI processes and tools, including the Reliability and Availability Prediction tool used for NMCI ordering. BearingPoint has also been a major player in other Navy IT efforts such as the Functional Area Manager process, server consolidation IT and IT asset discovery. "BearingPoint is pleased to continue its support of the Navy and its mission,” said Beth Smith, senior vice president of BearingPoint’s Navy sector and leader of its DoD Business Systems practice. "The move to newer, integrated IT systems is designed to help reduce costs and provide better security. NETWARCOM’s efforts have an immediate positive effect on the Navy.” BearingPoint’s team of subcontractors for this effort will include CACI, Lockheed Martin, Target Systems, and TKC Technology Solutions. About BearingPoint, Inc. BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. For more information, visit the Company's website at www.BearingPoint.com. Some of the statements in this press release constitute "forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will,” "expects,” "believes” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.