FAIRFAX,
Va., March 14, 2023 /PRNewswire/ -- CGI
Federal, the wholly-owned U.S. operating subsidiary of CGI Inc.
(NYSE: GIB) (TSX: GIB.A), announced today that it has been awarded
a 5-year, indefinite-delivery, indefinite quantity (IDIQ) contract
with a total contract value of up to $40
million with the U.S. Nuclear Regulatory Commission (NRC).
Under this new contract vehicle, CGI Federal will provide ongoing
support for NRC financial management systems, which use CGI
Federal's Momentum® federal enterprise resource planning
(ERP) solution at their core.
"Over the past decade CGI Federal has worked with NRC to
continuously evolve its financial management operations in response
to business needs," said Stefan
Becker, Senior Vice-President and Regulatory Agencies
Business Unit Lead at CGI Federal. "NRC entrusted CGI Federal to
move its financial management system to the public cloud years ago,
making the agency one of the earliest adopters of cloud for its ERP
systems. Today, Commission professionals can access information
from NRC's entire financial operation via this single, cloud-based,
agency-wide system."
CGI Federal will continue to provide NRC's Office of the Chief
Financial Officer with a holistic, managed services ERP solution
that is responsive to NRC's unique mission and processes; enabling
the Commission to achieve transparency, accountability, and
efficiency across its operations while meeting evolving federal
financial mandates. Established as an independent regulatory agency
in 1975, NRC licenses and regulates civilian use of nuclear energy
to protect public health and safety and the environment.
"CGI Federal's continued support allows the efficient and timely
operation of agency-wide financial management processes and
empowers NRC to execute against its critical public environmental
and safety goals," said Vishal
Ranjan, Vice President, Consulting Services for CGI Federal.
"We are proud to continue our partnership with NRC and provide
support for their ongoing technology evolution and
modernization."
About CGI Federal
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of
CGI Inc., is dedicated to partnering with federal agencies to
provide solutions for defense, civilian, healthcare, justice,
intelligence, and international affairs missions. Founded in 1976,
CGI is among the largest independent IT and business consulting
services firms in the world. With 90,250 consultants and
professionals across the globe, CGI delivers an end-to-end
portfolio of capabilities, from strategic IT and business
consulting to systems integration, managed IT and business process
services and intellectual property solutions. CGI works with
clients through a local relationship model complemented by a global
delivery network that helps clients digitally transform their
organizations and accelerate results. CGI Fiscal 2022 reported
revenue is $12.87 billion and CGI
shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more
at cgi.com.
Forward-looking information and statements
This press
release contains "forward-looking information" within the meaning
of Canadian securities laws and "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and other applicable United
States safe harbors. All such forward-looking information and
statements are made and disclosed in reliance upon the safe harbor
provisions of applicable Canadian and United
States securities laws.
Forward-looking information and statements include all
information and statements regarding CGI's intentions, plans,
expectations, beliefs, objectives, future performance, and
strategy, as well as any other information or statements that
relate to future events or circumstances and which do not directly
and exclusively relate to historical facts. Forward-looking
information and statements often but not always use words such as
"believe", "estimate", "expect", "intend", "anticipate", "foresee",
"plan", "predict", "project", "aim", "seek", "strive", "potential",
"continue", "target", "may", "might", "could", "should", and
similar expressions and variations thereof. These information and
statements are based on our perception of historic trends, current
conditions and expected future developments, as well as other
assumptions, both general and specific, that we believe are
appropriate in the circumstances. Such information and statements
are, however, by their very nature, subject to inherent risks and
uncertainties, of which many are beyond the control of CGI, and
which give rise to the possibility that actual results could differ
materially from our expectations expressed in, or implied by, such
forward-looking information or forward-looking statements.
These risks and uncertainties include but are not restricted to:
risks related to the market such as the level of business activity
of our clients, which is affected by economic conditions, and our
ability to negotiate new contracts; risks related to our industry
such as competition and our ability to attract and retain qualified
employees, to develop and expand our services, to penetrate new
markets, and to protect our intellectual property rights; risks
related to our business such as risks associated with our growth
strategy, including the integration of new operations, financial
and operational risks inherent in worldwide operations, foreign
exchange risks, income tax laws, our ability to negotiate favorable
contractual terms, to deliver our services and to collect
receivables, and the reputational and financial risks attendant to
cybersecurity breaches and other incidents; as well as other risks
identified or incorporated by reference in this press release, in
CGI's annual and quarterly MD&A and in other documents that we
make public, including our filings with the Canadian Securities
Administrators (on SEDAR at www.sedar.com) and the U.S.
Securities and Exchange Commission (on EDGAR at www.sec.gov).
For a discussion of risks in response to the coronavirus (COVID-19)
pandemic, see Pandemic risks in section 8.1.1. of our Q2 2022
MD&A.
Unless otherwise stated, the forward-looking information and
statements contained in this press release are made as of the date
hereof and CGI disclaims any intention or obligation to publicly
update or revise any forward-looking information or forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. While we
believe that our assumptions on which these forward-looking
information and forward-looking statements are based were
reasonable as at the date of this press release, readers are
cautioned not to place undue reliance on these forward-looking
information or statements. Furthermore, readers are reminded that
forward-looking information and statements are presented for the
sole purpose of assisting investors and others in understanding our
objectives, strategic priorities and business outlook as well as
our anticipated operating environment. Readers are cautioned that
such information may not be appropriate for other purposes.
Further information on the risks that could cause our actual
results to differ significantly from our current expectations may
be found in the section titled "Risk Environment" of CGI's annual
and quarterly MD&A, which is incorporated by reference in this
cautionary statement. We also caution readers that the
above-mentioned risks and the risks disclosed in CGI's annual and
quarterly MD&A and other documents and filings are not the only
ones that could affect us. Additional risks and uncertainties not
currently known to us or that we currently deem to be immaterial
could also have a material adverse effect on our financial
position, financial performance, cash flows, business or
reputation.
View original
content:https://www.prnewswire.com/news-releases/us-nuclear-regulatory-commission-awards-cgi-federal-five-year-contract-for-financial-system-modernization-301770408.html
SOURCE CGI Federal, Inc.