CGI Federal Inc., the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), announced today the competitive award of a multi-year contract by the General Services Administration’s Federal Systems Integration and Management Center (GSA FEDSIM) on behalf of the U.S. Environmental Protection Agency (EPA) to modernize systems and technology in support of its mission to protect human health and the environment. The Information Technology Enterprise Development (ITED) contract includes an incrementally-funded 1-year base period and six 1-year option periods, with a total contract value of US $522.6 million. Under the contract, CGI will work with EPA to reimagine its technology portfolio at the application, platform and enterprise levels to advance the agency’s vision for secure, agile and efficient enterprise development.
“EPA continues to evolve as an agency. We must confront the nation’s most urgent health and environmental challenges today by expanding our range of innovative technology capabilities, aligning those capabilities to our mission, and optimizing our overall mission support operations,” said Vaughn Noga, EPA Chief Information Officer. “The newly awarded ITED contract provides new opportunities to meet these challenges through technical innovation and strengthens our efforts to protect human health and the environment for the American public. We look forward to leveraging the collaborative expertise of CGI and the robust team of strategic partners they assembled to deliver these services and capabilities.”
The ITED program optimizes development across the EPA enterprise, maximizing shared services and capabilities, streamlining and automating business operations, and infusing emerging technologies to support the environmental regulatory mission. Technologies developed and implemented under ITED will advance key EPA priorities including addressing climate change, sustainability, and advancing environmental justice and civil rights. To best support the environmental mission, ITED will serve as an enabler of enterprise development and standards across EPA while enabling improved compliance, innovation, and cost savings.
“We are proud to partner with EPA on this new engagement, building upon our extensive track record with the agency in support of its vital mission,” said Stefan Becker, CGI Senior Vice-President and Regulatory Agency Programs Business Unit Leader. “Our collaborative relationship with EPA allows us to provide unique insights, practical innovation, new efficiencies and the most experienced team for EPA’s journey toward agency-wide digital transformation.”
CGI has been a trusted EPA technology partner for 45 years, supporting multiple programs with a mature and broad range of services, platforms, and capabilities—including the Central Data Exchange (CDX) program which serves as a key component of the environmental data exchange ecosystem for EPA, states, localities, tribes, industry and other federal agencies.
“As EPA continues to focus on reducing risks associated with its mission, their investment in technology enables the agency to respond with greater agility to new requirements,” said Jay Hadley, CGI Senior Vice-President, Consulting Services. “Given its critical role in implementing key programs under the Inflation Reduction Act and Bipartisan Infrastructure Law, EPA will continue to require practical and pragmatic use of innovative technologies to increase collaboration across government and with external stakeholders.”
About CGI Federal
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare, justice, intelligence, and international affairs missions. Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,500 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2022 reported revenue is $12.87 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
Forward-looking information and statements
This press release contains “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws.
Forward-looking information and statements include all information and statements regarding CGI’s intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as “believe”, “estimate”, “expect”, “intend”, “anticipate”, “foresee”, “plan”, “predict”, “project”, “aim”, “seek”, “strive”, “potential”, “continue”, “target”, “may”, “might”, “could”, “should”, and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements.
These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict and inflation) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to attract and retain qualified employees, to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws and other tax programs, our ability to negotiate favourable contractual terms, to deliver our services and to collect receivables, the reputational and financial risks attendant to cybersecurity breaches and other incidents, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). For a discussion of risks in response to the coronavirus (COVID-19) pandemic, see Pandemic risks in section 8.1.1. of our Q2 2022 MD&A.
Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements.
Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI's annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI's annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.
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