NASA Awards ICF $34 Million Contract to Support U.S. Global Change Research Program

Rhea-AI Summary

ICF has been awarded a $34 million contract by NASA to support the U.S. Global Change Research Program. This five-year agreement includes an $8 million indefinite delivery component. ICF's role will involve providing technical and administrative support, focusing on climate change and global-scale environmental issues. Additionally, the contract entails the development of the Fifth National Climate Assessment. ICF emphasizes the importance of science-based decision-making to mitigate climate impacts.

Positive

• Awarded a substantial $34 million contract from NASA, indicating strong government support.
• The project includes an $8 million indefinite delivery component, ensuring potential future revenue.
• Supports critical research in climate change, enhancing ICF's role as a leader in environmental consulting.

Negative

• None.

FAIRFAX, Va., June 1, 2021 /PRNewswire/ -- NASA recently awarded global consulting and digital services provider ICF (NASDAQ: ICFI) a re-compete contract to provide technical and administrative support to the U.S. Global Change Research Program (USGCRP) National Coordination Office. The contract is valued up to $34 million, which includes an $8 million indefinite delivery, indefinite quantity component. It has a term of five years, including a one-year base and four one-year option periods.

ICF will support USGCRP in delivering on its mandate to integrate and coordinate research, assessments, education and communications across USGCRP's 13 participating departments and agencies. The program addresses not only climate change, but other global-scale issues including changes in land productivity, water resources, atmospheric chemistry and ecological systems.

This work will also include the development and release of the Fifth National Climate Assessment, the gold-standard for describing the science of climate change and its impacts across the U.S. ICF supported the development of the Fourth National Climate Assessment, released in 2018.

"As the impacts of climate and other environmental changes increasingly affect people, organizations and ecosystems, USGCRP's work is more important than ever," said Anne Choate, ICF senior vice president and energy, environment and infrastructure lead. "Science-based decision-making, informed by the work of USGCRP agencies, is essential in mitigating and adapting to climate change. We are proud to continue to play a key role in advancing understanding and action around this critical issue."

ICF is one of the world's leading climate, energy and environment consultancies. ICF has worked with international business, government and nonprofit organizations for over 40 years to design policies, programs and practical pathways that drive low-carbon transitions and build resilience against the effects of climate change. With industry-leading insights and analytics, ICF leads the way in developing proactive strategies to address risks posed by climate change.

Read more about ICF's climate services and insights.

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 NASA?

The contract awarded to ICF by NASA is valued at up to $34 million.

What are the key responsibilities of ICF under the NASA contract?

ICF will provide technical and administrative support to the U.S. Global Change Research Program.

How long is the duration of ICF's contract with NASA?

The contract has a term of five years, consisting of a one-year base and four option years.

What does the Fifth National Climate Assessment involve?

The Fifth National Climate Assessment is a key report on climate change science and its impacts, which ICF will help develop.

What broader issues does the U.S. Global Change Research Program address?

The program addresses climate change, land productivity, water resources, atmospheric chemistry, and ecological systems.