UPDATE 1-EDS sees Navy deal offsetting any potential GM loss


(New throughout, adds byline) By Wei Gu NEW YORK, Feb 22 (Reuters) - Electronic Data Systems Corp. said on Tuesday it expects improvements in its Navy contract to more than offset any potential loss from its largest commercial client, General Motors Corp. EDS' revenue from GM, its former parent, shrank to $2 billion from $4 billion over the last 10 years. Investors worry that its share may erode further when the current contract expires in June 2006 and GM takes its pick from bids ...

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