CGI expands inventory tracking services at Marine Corps bases
CGI (NYSE: GIB) has secured a new task order to expand its Marine Corps Platform Integration Center (MCPIC) program across eight U.S. Marine Corps bases. The initial funding is $8.5 million, totaling $34.4 million, including options. MCPIC enhances inventory tracking of mission-critical equipment using IoT sensors and automated identification technology. This partnership, lasting four years, is an extension of CGI's 30-year collaboration with the USMC, aimed at improving asset visibility and operational efficiency.
- Secured a task order worth $34.4 million, enhancing revenue potential.
- Strengthened long-term partnership with the USMC, indicating trust and reliability.
- MCPIC program enhances inventory tracking and operational efficiency.
- None.
FAIRFAX, Va., Jan. 20, 2022 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A) was awarded a new task order to expand the Marine Corps Platform Integration Center (MCPIC) program across eight U.S. Marine Corps' (USMC) bases. Already operating at three USMC outposts, MCPIC supports inventory tracking through digital tagging of mission-critical equipment, allowing system users to access real-time data by leveraging automated identification technology and Internet of Things (IoT) sensors. Building on CGI's long-standing partnership and commitment with USMC that spans over 30 years, this new task order includes a four-year period of performance with initial funding of
"CGI has played a critical role in helping USMC achieve remarkable inventory tracking and compliance scores," stated USMC Deputy Commander D.W. Elzie. "MCPIC continues to have considerable impact on our operational baseline that helps us account for our assets. We are thrilled to expand this partnership and level of professionalism to all Marine Corps bases."
With this contract, CGI continues the automation of inventory through passive radio frequency identification (RFID) that allows USMC to have total asset visibility. The technology enables USMC to track items to destinations around the world, and has successfully recovered assets as a result of high accuracy tracking.
"We are honored that MCPIC has become the program of record at USMC," stated Chris Hetman, CGI Vice-President. "We proudly support USMC's most complex, vital tasks—effectively managing their supply chain in delivering mission-critical equipment and supplies to the right place, at the right time. CGI constantly innovates and implements the latest technology—like MCPIC, a key engine for USMC—to automate USMC's entire global inventory receiving process."
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 and intelligence missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 80,000 consultants and other 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. With Fiscal 2021 reported revenue of C
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. 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 conditions, 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, our ability to negotiate favorable contractual terms, to deliver our services and to collect receivables, and the reputational and financial risks attendant to cybersecurity breaches and other incidents; 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). 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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SOURCE CGI Federal, Inc.
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