Defense Health Agency Selects ICF for $30 Million Contract

Rhea-AI Summary

ICF Awarded $30 Million Contract by DOD

The U.S. Department of Defense awarded ICF a $30 million recompete contract to support its mental health research agenda. The contract spans 55 months, comprising a seven-month base period and four one-year options. ICF will enhance the Department of Defense’s Psychological Health Center of Excellence by providing expertise in psychological health research, data analytics, and implementation science to improve military mental healthcare.

Positive

• Award of a $30 million recompete contract improves revenue outlook.
• Long-term contract duration of 55 months provides stability.
• Expertise in psychological health research strengthens DOD's mental health initiatives.

Negative

• None.

Company's Work Will Help Ensure the Mental Health and Readiness of U.S. Troops

FAIRFAX, Va., June 13, 2022 /PRNewswire/ -- The U.S. Department of Defense (DOD) Defense Health Agency (DHA) recently awarded global consulting and digital services provider ICF (NASDAQ: ICFI) a $30 million recompete contract to provide research and operational support to help execute the agency's critical military mental health research agenda. The contract has a term of 55 months, including a seven-month base and four one-year options.

ICF will provide expertise in psychological health research, data analytics, implementation science and DOD operations to support DHA's Psychological Health Center of Excellence (PHCoE). ICF will support PHCoE's mission of improving the lives of our nation's service members, veterans and their families by advancing excellence in military psychological healthcare research.

ICF's research support will be instrumental in maintaining DOD's mental health-related policies, tracking prevalence and surveillance, ensuring the Military Health System's (MHS) ongoing understanding of the mental health conditions of most interest to the military, and providing research adoption support to mental health professionals throughout the MHS.

"ICF has supported PHCoE since 2016, helping ensure the medical readiness of our nation's service men and women," said Mark Lee, ICF executive vice president and public sector lead. "We are honored to continue this critical work of delivering increased readiness, better mental health and better mental healthcare at a lower cost to ensure DOD is equipped and ready to meet the mental health demands of the U.S. military, veterans and their family members."

ICF delivers targeted health services and solutions that improve outcomes for all populations. The company's domain and scientific expertise combined with leading-edge technology solutions help clients address their greatest challenges and focus on core health missions.

Read more about ICF's federal health services and how the company is supporting DHA's mission.

About ICF  
ICF is a global consulting services company with approximately 8,000 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements  
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future. 

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577 

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SOURCE ICF

FAQ

What is the value of the contract awarded to ICF by the DOD?

ICF was awarded a $30 million contract by the U.S. Department of Defense.

What is the purpose of ICF's contract with the DOD?

The contract aims to support the mental health research agenda of the DOD's Defense Health Agency.

How long is the contract awarded to ICF by the DOD?

The contract has a total duration of 55 months.

What expertise will ICF provide under the DOD contract?

ICF will provide expertise in psychological health research, data analytics, and implementation science.

Since when has ICF been supporting the DOD's Psychological Health Center of Excellence?

ICF has supported the DOD's Psychological Health Center of Excellence since 2016.