HHS Awards ICF Head Start Contract for $35 Million

Rhea-AI Summary

The U.S. Department of Health and Human Services has awarded ICF (NASDAQ: ICFI) a $35 million contract to provide training and technical assistance for Head Start programs in the southeast region. This five-year contract includes an 11-month base period and four optional yearly extensions. With this award, ICF expands its support to six of the 12 Head Start regions across 40 states and the District of Columbia. In Q3 2020, ICF secured over $100 million in contracts for other Head Start regions.

Positive

• Awarded a $35 million contract from the U.S. Department of Health and Human Services.
• Expanded Head Start program coverage to an additional eight states.
• Supported six of the twelve Head Start regions, enhancing outreach capability.

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• None.

FAIRFAX, Va., April 20, 2021 /PRNewswire/ -- The U.S. Department of Health and Human Services, Administration for Children and Families recently awarded ICF (NASDAQ: ICFI), a global consulting and digital services provider, a re-compete contract to provide training and technical assistance to support Head Start programs in the southeast region of the country. The contract has a value of $35 million and a term of five years, including an 11-month base and four 12-month options.

The award adds eight additional states to ICF's Head Start program coverage area. The company now supports six of the 12 Head Start regions across 40 states and the District of Columbia. In the third quarter of 2020, ICF was awarded over $100 million in contracts to support five other Head Start geographical regions. The program improves the services offered to Head Start grantees that enable them to promote school readiness of children under five from low-income families. 

ICF works with governments and nonprofits to help strengthen communities, families and citizens by delivering evidence-based solutions with measurable impact. This includes providing program and policy services designed to enable positive student and teacher outcomes in early childhood, K-12, postsecondary and adult education. 

Read more about ICF's social programs and education services. 

About ICF
ICF is a global consulting services company with over 7,000 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 HHS?

The contract awarded to ICF by HHS is valued at $35 million.

How many states does ICF support for Head Start programs after the new award?

After the new award, ICF supports Head Start programs in a total of 40 states.

What is the duration of the contract received by ICF?

The contract received by ICF has a term of five years, including an 11-month base and four 12-month options.

How much did ICF secure in contracts for other Head Start regions in Q3 2020?

In Q3 2020, ICF secured over $100 million in contracts for other Head Start regions.