GTSI was awarded a $425 million contract to provide information technology to the Federal Aviation Administration, the company announced Tuesday. The contract, which includes one base year and four one-year options, was awarded under FAA’s Strategic Acquisition of Various Equipment and Supplies program. The program’s goal is to streamline FAA’s IT acquisition and deployment process and improve financial management, GTSI said. The Herdon, Va.-based company’s work will include data storage and network solutions.
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Scott Friedlander may be out as the chief executive officer of GTSI Corp., but he’ll keep drawing his $400,000 annual salary for another year, along with a one-time $450,000 severance payment, according to a recent corporate filing with the Securities and Exchange Commission. GTSI will also reimburse Friedlander for COBRA health insurance expenses for up to 18 months, provide him with continued participation in the company’s long-term care plan for up to a year, and allow him the maximum time possible to exercise his remaining stock options. Friedlander. who had taken over as GTSI’s president and CEO in February, agreed…