CGI Federal, the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), announced today that it has been awarded a 5-year, indefinite-delivery, indefinite quantity (IDIQ) contract with a total contract value of up to $40 million with the U.S. Nuclear Regulatory Commission (NRC). Under this new contract vehicle, CGI Federal will provide ongoing support for NRC financial management systems, which use CGI Federal’s Momentum® federal enterprise resource planning (ERP) solution at their core.
“Over the past decade CGI Federal has worked with NRC to continuously evolve its financial management operations in response to business needs,” said Stefan Becker, Senior Vice-President and Regulatory Agencies Business Unit Lead at CGI Federal. “NRC entrusted CGI Federal to move its financial management system to the public cloud years ago, making the agency one of the earliest adopters of cloud for its ERP systems. Today, Commission professionals can access information from NRC’s entire financial operation via this single, cloud-based, agency-wide system.”
CGI Federal will continue to provide NRC’s Office of the Chief Financial Officer with a holistic, managed services ERP solution that is responsive to NRC’s unique mission and processes; enabling the Commission to achieve transparency, accountability, and efficiency across its operations while meeting evolving federal financial mandates. Established as an independent regulatory agency in 1975, NRC licenses and regulates civilian use of nuclear energy to protect public health and safety and the environment.
“CGI Federal’s continued support allows the efficient and timely operation of agency-wide financial management processes and empowers NRC to execute against its critical public environmental and safety goals,” said Vishal Ranjan, Vice President, Consulting Services for CGI Federal. “We are proud to continue our partnership with NRC and provide support for their ongoing technology evolution and modernization.”
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 90,250 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 harbors. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbor provisions of applicable Canadian and United States securities laws.
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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.
For more information:
Media
Mercedes Marx
Manager, Public Relations
mercedes.marx@cgifederal.com
+1 571-334-2344
