Va Spends 60 Million For Workers IT Training

Learning Tree International's new Veterans Affairs contract worth up to $60M

Associated Press

Last update: March 12, 2010 - 12:10 PM

RESTON, Va. - Learning Tree International,
which sells professional development
courses for IT workers, said it has
contracted with the Department of Veterans
Affairs to provide training services.

The one-year agreement, with options to
renew, is worth up to $60 million.

The training started Feb. 22, the company
said late Thursday.

Learning Tree anticipates revenue of $10
million to $15 million under the agreement
during its first year.

The company's stock added 31 cents, or 2.4
percent, to a fresh 52-week high of $13.47 in
afternoon trading.