Unisys Chairman, Lawrence Weinbach, Says Company i

Unisys Chairman, Lawrence Weinbach, Says Company is Positioned for Continued Earnings Growth in 2003
 New Customer Wins in BPO Underscores Execution of Services-Driven Strategy 

    BLUE BELL, Pa.--(BUSINESS WIRE)--Dec. 10, 2002--

Strengthened by its services-driven, value-added strategy, Unisys
Corporation (NYSE:UIS) is on track to achieve its 2002 earnings
targets, and will enter 2003 poised for continued earnings growth,
margin expansion, and continued growth in its annuity business, the
company's chairman told the investment community today.

'We are excited by our performance in 2002,' Unisys Chairman and CEO
Lawrence A. Weinbach said. 'Our discipline and focus throughout this
tough year have allowed us to deliver consistent performance in a
volatile market. So far in the fourth quarter we have won three new
multi-year business process outsourcing contracts totaling in excess
of $500 million. These wins exemplify our ability to provide total
solutions for our customers' needs in a demanding climate.'

Speaking at the company's annual financial analysts conference in New
York, and to a wider audience on the Internet, Weinbach reviewed the
company's accomplishments in 2002, saying the company was on track to
achieve its earnings target of 67 to 70 cents per share, significant
growth over the 48 cents it earned in 2001 before special items. He
said the company's focus on end-to-end solutions capabilities,
retooling of its systems integration and consulting business, and
market acceptance of CMP-based ClearPath models, contributed to its
improved performance.

Looking to 2003, Weinbach said that the company expects a gradual
improvement in information technology spending. 'For 2003 as a whole,
we look for our revenue to show modest single-digit revenue growth,
with revenue growth improving over the course of the year. Unisys
expects services revenue to be up and technology revenue to be down
slightly for the full year. In terms of earnings, Unisys currently
looks for full-year 2003 earnings per share growth of about 20% over
2002 levels, despite approximately $45 million less contribution from
pension income.'

Weinbach said the company has set six strategic objectives for 2003
including to:

- Continue double-digit revenue growth in business process
outsourcing;

- Drive growth in its infrastructure services and security business;

- Continue to improve operating margins in the systems integration
and consulting business;

- Expand the market for ES7000 enterprise servers;

- Build market awareness of Unisys; and

- Maintain tight cost controls.

'The market is shifting our way,' Weinbach said. 'Clients are
demanding services-driven solutions versus technology-driven
solutions. They are no longer seeking piecemeal solutions, but rather
are looking for integrated, end-to-end solutions. The market need has
moved from standalone projects to managed services and from service
generalists to industry specialists. With our full line of value-added
services and high-end server technology, Unisys is poised to deliver
on these client needs.'

Weinbach also pointed to security as a major growth opportunity for
Unisys. He noted the company's emerging leadership in infrastructure
security, including contracts with the Transportation Security
Administration and the Department of Defense, and the development of a
new, integrated security methodology.

About Unisys

Unisys is a worldwide information technology services and solutions
company. Our people combine expertise in systems integration,
outsourcing, infrastructure, server technology and consulting with
precision thinking and relentless execution to help clients, in more
than 100 countries, quickly and efficiently achieve competitive
advantage. For more information, visit www.unisys.com.

Forward-Looking Statements

Any statements contained in this release that are not historical facts
are forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. All forward-looking statements rely on
assumptions and are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations. The
factors that could affect the company's future financial results are
discussed more fully in the company's latest Form 10-Q as filed with
the Securities and Exchange Commission.

RELEASE NO.: 1202/8215

http://www.unisys.com/about__unisys/news_a_events/12108215.htm

Unisys is a registered trademark of Unisys Corporation. All other
brands and products referenced herein are acknowledged to be
trademarks or registered trademarks of their respective holders.

   Short Name: Unisys Corp
   Category Code: MSC
   Sequence Number: 00001401
   Time of Receipt (offset from UTC): 20021210T155907+0000