Homeland Security Stock News; CGI (GIB) (TSX:GIB.A) selected for multiple-award ID/ IQ for Technical, Acquisition, and Business Support Services with the Department of Homeland Security
FAIRFAX, VIRGINIA - April 17, 2013 (Investorideas.com Newswire) The Department of Homeland Security (DHS) and the United States Coast Guard (USCG) have awarded CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Group Inc. (GIB)(TSX:GIB.A), an indefinite delivery/indefinite quantity (ID/IQ) contract for Technical, Acquisition and Business Support Services (TABSS). The five-year, multiple-award contract has a total value of $11 billion across awardees for a wide range of strategically sourced support services for DHS and its component agencies.
Under the contract, CGI Federal will compete for task orders to provide mission-critical engineering, program management and technical services to support the entire acquisition life cycle from initiation through research, development, production, deployment, operations, upgrade and disposal of essential DHS programs and assets.
"CGI greatly values its continuing partnership with DHS in support of its mission to protect the homeland, prevent terrorism, enforce and administer immigration laws, promote commerce and respond to disasters," said Donna Ryan, President, CGI Federal. "Our domain expertise and next-generation solutions enhance DHS mission capability and improve cost effectiveness across the agency."
"TABSS plays a pivotal role in enabling effective support for the planning and administration of programs, projects and major acquisitions key to advancing DHS's goals and securing our nation," added Tim Hurlebaus, Vice-President of National Security Programs.
About CGI Federal
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, and intelligence missions. Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. With approximately 71,000 members located in offices and global delivery centers in the Americas, Europe and Asia Pacific, CGI offers a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. CGI's annualized revenue is in excess of C$10 billion, with an estimated order backlog of approximately C$18.3 billion; its shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the FTSE4Good Index. Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of Canadian securities laws. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information. www.cgi.com/newsroom
Senior Vice-President, Global Communications and
Vice-President, Global Communications