National Cancer Institute Awards ICF New $161 Million Digital Modernization Task Order

Rhea-AI Summary

ICF has been awarded a $161 million task order by the National Cancer Institute (NCI) for digital modernization services. This contract, the first under the Center for Biomedical Informatics and Information Technology blanket purchase agreement, extends over five years with multiple options. ICF will collaborate with CBIIT to enhance research and administrative processes, aiming to centralize data science and IT tools. The executive vice president highlighted the importance of this partnership in advancing cancer research and improving health outcomes. This award reinforces ICF's position as a leader in providing technology solutions to federal health clients.

Positive

• Awarded a $161 million task order for digital modernization services.
• Strengthens partnership with NCI to enhance cancer research capabilities.
• Five-year contract with multiple options indicates long-term engagement.

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• None.

Work Will Accelerate Enterprise-wide Modernization Efforts

RESTON, Va., Jan. 18, 2023 /PRNewswire/ -- The National Institutes of Health (NIH) National Cancer Institute (NCI) recently awarded global consulting and technology services provider ICF (NASDAQ:ICFI) a new $161 million task order to provide digital modernization services. The task order, which was the first awarded to the company under the Center for Biomedical Informatics and Information Technology (CBIIT) IT blanket purchase agreement, has a term of five years, including a six-month base and nine six-month options.

ICF will partner with CBIIT to deliver mission-focused technology solutions and software-enabled services through its Digital Services Center (DSC) to support the research, grants and administrative needs of NCI divisions.

"The DSC will serve as a strategic hub, bringing together numerous disparate systems to provide centralized access to the data science, IT and data sharing tools needed by NCI staff and the cancer research community to advance our knowledge of cancer to improve health outcomes," said Mark Lee, ICF executive vice president and chief technology executive. "We are excited to partner with NCI to provide strategic, pragmatic solutions to improve collaboration across these organizations which will ultimately help CBIIT better achieve its critical research mission."

In performing this work, the company will bring its unique combination of deep health domain expertise and leading-edge technology solutions plus extensive experience supporting NCI programs to establish a strategy, roadmap and architecture to drive innovation and optimization and accelerate the pace of NCI's enterprise modernization efforts.

ICF combines deep domain and scientific expertise with leading-edge technology solutions to help federal health clients address their greatest challenges and design solutions that increase understanding of disease causation and improve outcomes for all populations. A leading provider of low-code, open-source and cloud native solutions to federal agencies, ICF brings an expansive ecosystem of platform partners and experienced digital practices to rapidly deliver complex, scalable solutions that achieve clients' mission outcomes and a step change in productivity.

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

About ICF
ICF is a global consulting and technology services company with approximately 9,000 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 significance of the $161 million task order awarded to ICF?

The $161 million task order is significant as it supports ICF's digital modernization efforts alongside NCI, enhancing its capacity to deliver technology solutions for cancer research.

How long is the task order awarded to ICF by the NCI?

The task order awarded to ICF has a term of five years, with a six-month base period and nine six-month options.

What is ICF's role in the digital modernization project for the NCI?

ICF's role involves providing technology solutions and software services to support the research and administrative needs of NCI divisions.

When was the $161 million task order awarded to ICF?

The task order was awarded to ICF on January 18, 2023.