Veridian Announces Pricing for Initial Public Offering

Arlington, VA (June 5, 2002) -- Veridian Corporation (NYSE: VNX) announced today that its initial public offering of 13,500,000 shares of common stock was priced at $16 per share. The sale of shares to the public will begin on June 5, 2002, and will be traded on the New York Stock Exchange under the symbol "VNX". Veridian has granted the Underwriters an option to purchase up to an additional 2,025,000 shares to cover over-allotments, if any.

Credit Suisse First Boston is the lead manager for the offering. Co-managers are Wachovia Securities, CIBC World Markets and SG Cowen. A copy of the prospectus relating to the offering may be obtained from Credit Suisse First Boston Corporation, Prospectus Department, Eleven Madison Avenue, New York, NY 10010-3629; (212) 325-2580.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The listing requirements of the New York Stock Exchange require that Veridian disclose that additional information is available upon which the New York Stock Exchange relied to list Veridian, and is included in Veridian's listing application. Such information is available to the public upon request. Veridian is a leading provider of information-based systems, integrated solutions and services to the U.S. government. The company specializes in mission-critical national security programs for the national intelligence community, Department of Defense, law enforcement, and other government agencies. The company's capabilities include Network Security and Enterprise Protection; Intelligence, Surveillance and Reconnaissance; Knowledge Discovery and Decision Support; Chemical, Biological and Nuclear Detection; Network and Enterprise Management; and Systems Engineering Services.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Veridian Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Prospectus contained in the Company's Registration Statement on Form S-1 (File No. 333-83792), and from time to time, in Veridian's other filings with the Security and Exchange Commission.

Point of Contact Information
Maureen Crystal
Telephone 703-575-3140
maureen.crystal@veridian.com
Dennis Gauci
Telephone 703-575-3146
dennis.gauci@veridian.com