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CGI to Deliver Intelligence Surveillance Reconnaissance (ISR) and Information Operations (IO) Support to the Space and Naval Warfare Systems CommandMultiple-award US$77.78 million ceiling ID/IQ supports ocean surveillance systems (March 30, 2012)
FAIRFAX, VIRGINIA -- (Marketwire) -- 03/30/12 -- The Space and Naval Warfare Systems Command (SPAWAR) Systems Center Pacific (SSC Pacific) has awarded CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Group Inc. (NYSE:GIB)(TSX:GIB.A), a prime position on the indefinite-delivery, indefinite-quantity (ID/IQ), multiple-award contract for Intelligence Surveillance Reconnaissance (ISR) and Information Operations (IO) in support of ocean surveillance systems. The ID/IQ has a three-year base value of US$46.68 million as well as one, two-year option which brings the potential contract value to US$77.78 million. CGI is one of five awardees that will compete for task orders on the vehicle.
Under the vehicle, CGI will provide a range of services, including systems engineering, software development, research, and test & evaluation in support of software and hardware for emerging technologies, system security architecture, and Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) systems.
"CGI is proud to support critical multi-service military intelligence missions through this new contract vehicle," said Amy Bleken, Senior Vice-President, CGI. "We have a long history of support to SPAWAR, so we look forward to building on our partnership to continuously improve service to the warfighter."
About CGI Federal Inc.
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, and intelligence missions. Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI provides end-to-end IT and business process services to clients worldwide with approximately 31,000 professionals located in offices and centres of excellence in Canada, the United States, Europe and Asia Pacific. As at December 31, 2011, CGI's annualized revenue was approximately $4.1 billion and its order backlog was approximately $13.6 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com/usfederal.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of Canadian securities laws. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
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