August 11, 2009 (FinancialWire) — ATS Corp.’s (OTCBB: ATCT) (Current Market Cap: $50.33 Mil.) board has authorized the repurchase of up to $1.5 million of the company’s common stock over the next two years.

The latest authorization is a portion of the total repurchase amount approved by the company’s board on February 11, of the lesser of $3 million or two million shares.

ATS currently has around 22.7 million shares outstanding, which exclude any shares issuable upon the exercise of the company’s outstanding warrants, expiring in October of this year, to purchase around three million shares of common stock at an exercise price of $5 per share.

McLean, Virginia-based ATSC is a provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing and consulting to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises.

The company has more than 600 employees at 10 locations across the country.

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