U.S. Strategic Command selects CGI for advanced data integration services

Rhea-AI Summary

CGI Inc. (NYSE: GIB) (TSX: GIB.A) subsidiary CGI Federal Inc. has been awarded a 5-year contract from U.S. Strategic Command (USSTRATCOM) to develop and maintain data integration hardware, systems, and software. This collaboration aims to enhance USSTRATCOM's operations and support the U.S. Department of Defense's IT strategy, with CGI deploying solutions at Offutt Air Force Base in Nebraska.

Positive

• The contract with USSTRATCOM demonstrates CGI's strong position in the defense and intelligence sector, showcasing its ability to deliver secure, large-scale programs that strengthen critical operations and missions.

Negative

• None.

FAIRFAX, Va., Nov. 15, 2023 /PRNewswire/ -- CGI Federal Inc. (CGI), the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), today announced the award of a five-year contract from U.S. Strategic Command (USSTRATCOM) to develop and maintain data integration hardware, systems, and software across the command's Global Data Integration (GDI) environment. Through advanced data usage and integration capabilities, CGI will enable USSTRATCOM to deliver more safe, secure, and effective operations.

"Data is essential and integral to USSTRATCOM's mission," said Stephanie Mango, President, CGI Federal. "We are proud of this opportunity to collaborate with USSTRATCOM in strengthening the nation's most sophisticated and critical defense capabilities and supporting the Department of Defense's IT strategy."

CGI's work will be performed at Offutt Air Force Base in Nebraska. CGI teams will deploy a wide range of data fusion and transformation solutions to strengthen and extend USSTRATCOM's operations, scope, capabilities, and resilience. A key component of the U.S. Joint All-Domain Command and Control initiative, USSTRATCOM GDI's framework enables the integration of multiple domains to deliver global situational awareness and decision-making capabilities.

"USSTRATCOM's vital defense mission demands innovative, proven solutions and an approach that views data as a strategic enabler," said Horace Blackman, CGI Senior Vice-President, Defense, Intelligence and Space Business Unit Lead. "CGI is committed to ensuring that our clients are equipped with the technology they need to deliver on their critical national security missions."

Within the defense and intelligence sector, CGI delivers secure, large-scale programs that strengthen and advance clients' critical operations and missions. As a partner of hundreds of governments in Europe, North America and Asia-Pacific, CGI brings global insights to transform citizen experiences while maximizing performance and reducing costs.

About CGI Federal Inc.
CGI Federal Inc. (CGI), 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 Inc. is among the largest IT and business consulting services firms in the world. With 91,500 consultants and other professionals across the globe, CGI Inc. 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 Inc. 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 2023 reported revenue of C$14.30 billion, CGI Inc. 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. Forward-looking information and statements include all information and statements regarding CGI Inc.'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 Inc., 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 Inc.'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 Inc. 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 Inc.'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 Inc.'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.

FAQ

What is the contract awarded to CGI Federal Inc. from USSTRATCOM about?

CGI Federal Inc. has been awarded a 5-year contract from U.S. Strategic Command (USSTRATCOM) to develop and maintain data integration hardware, systems, and software.

Where will CGI's work be performed?

CGI's work will be performed at Offutt Air Force Base in Nebraska.

What is the purpose of the collaboration between CGI Federal Inc. and USSTRATCOM?

The collaboration aims to enhance USSTRATCOM's operations and support the U.S. Department of Defense's IT strategy.

What does CGI's commitment to USSTRATCOM's mission involve?

CGI is committed to ensuring that USSTRATCOM is equipped with the technology they need to deliver on their critical national security missions.