Our financial information companies are working together in ways that strengthen sales and marketing, enhance product development and reduce costs. Achieving record levels TASC enjoyed one of the most successful years in its 29-year history, with both revenues and operating income achieving record levels. BMDO was not a significant customer in 1995 due to budget cuts and a re-competition. At the same time, TASC's current top ten contracts are with programs TASC has been associated with for an average of fourteen years. TASC's business with the U.S. Department of Defense and the intelligence community has been increasing rapidly in both size and scope, as information technology takes on an ever-expanding role in all aspects of national security planning, procurement and operations.
Simulation is used increasingly in lieu of live military exercises.
National means of gathering intelligence is now being tightly coupled with tactical use by combat commanders, an area where TASC is particularly suited to contribute due to its long history of working with both the Department of Defense and the intelligence community. We found new customers and applications for TASC's capabilities in both the government and commercial sectors in 1995. TASC began an ambitious reengineering project for the Department of Housing and Urban Development to help make its housing programs more effective and responsive to community needs. Several contracts were won from State governments in the environmental area. TASCs Detroit office was awarded two separate advanced automobile research contracts.