ICF Selected for $26 Million Contract to Support FCC Programs

Rhea-AI Summary

ICF has secured a $26 million recompete contract from a federal agency to enhance critical business systems over three years. This initiative includes a 1-year base period with two optional extensions. The project aims to modernize digital operations and improve high-speed connectivity nationwide. ICF will utilize its Appian practice and existing expertise in federal case and grants management to drive effective outcomes. The company emphasizes its commitment to delivering scalable technology solutions to federal clients.

Positive

• Awarded a $26 million recompete contract for three years.
• Focus on accelerating digital modernization and enhancing high-speed connectivity.
• Utilization of the Appian practice for effective solutions.

Negative

• None.

Implementing Enterprise-Wide Digital Modernization Services

RESTON, Va., Dec. 1, 2022 /PRNewswire/ -- An organization that administers programs on behalf of the Federal Communications Commission recently awarded global consulting and digital services provider ICF (NASDAQ: ICFI) a $26 million recompete contract to accelerate the modernization of its enterprise-wide mission-critical business systems. The contract, which was awarded in the third quarter of 2022, has a term of three years, including a one-year base and two one-year options.

ICF will provide digital modernization advisory and governance support, as well as rapidly deployed operations, maintenance, development and enhancement support, that will advance the use of high-speed connectivity in communities across the nation.

ICF has a proven track record of providing successful enterprise platform and systems support. This contract will leverage ICF's award-winning Appian practice as well as its in-depth domain knowledge of federal case and grants management to help communities and people across the U.S. stay connected to the information, resources and care they need.

"ICF understands the unique challenges faced by federal agencies and the need to provide secure, reliable, and perhaps most importantly, scalable technology solutions that advance mission delivery and improve positive outcomes," said Mark Lee, ICF's executive vice president for public sector. "We will work closely with our client to bring our combined deep domain expertise and cutting-edge technology solutions to advance universal high-speed connectivity across the nation."

ICF is a leading provider of low-code, open-source and cloud native solutions to federal agencies, deploying over 1,300 technologists who have built and maintained over 700 systems for digital modernization projects. ICF combines public-sector domain expertise with an ecosystem of platform partners and digital practices to rapidly deliver complex, scalable solutions that achieve clients' mission outcomes and a step change in productivity.

Read more about ICF's digital modernization services and technology partnerships.

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 $26 million contract awarded to ICF for?

ICF received a $26 million contract to modernize enterprise-wide business systems for a federal agency over three years.

What is the term of the ICF contract with the federal agency?

The ICF contract has a term of three years, including a one-year base period and two one-year options.

How will ICF utilize its Appian practice in the new contract?

ICF will leverage its Appian practice to provide digital modernization advisory, governance, and operational support.

When was the contract awarded to ICF?

The contract was awarded in the third quarter of 2022.

What does ICF specialize in regarding federal agency services?

ICF specializes in providing low-code, open-source, and cloud-native solutions to federal agencies.