GTSI's Revenue Falls 43% Following SBA Suspension

Law360, New York (March 30, 2012, 3:05 PM EDT) -- Federal technology contractor GTSI Corp.'s fourth-quarter 2011 revenues declined 43 percent compared to the fourth quarter of 2010, GTSI said Thursday, attributing the steep reduction to staff turnover and turmoil resulting from a suspension by the Small Business Administration.

The SBA suspended GTSI from federal contracting in October 2010, after determining that the contractor improperly teamed with a Native-Alaskan-owned small business to gain access to $200 million in information technology work that the Department of Homeland Security had set aside for small businesses. Two small businesses...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.