Work leverages CGI's expanded cyber capabilities and adds jobs in North Carolina
Stock Market Symbols GIB (NYSE) GIB.A (TSX)
FAIRFAX, VA, May 18 /PRNewswire/ - The U.S. Environmental Protection Agency (EPA) has awarded CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Group, Inc. (NYSE: GIB) (TSX: GIB.A), a US$34 million Network Security and Operations time and materials task order under the multi-vendor, seven-year, US$955 million, ITS-EPA II Program Blanket Purchase Agreement (BPA).Under the task order, CGI will partner with EPA to develop and implement a new cybersecurity approach focused on strengthening the internal security posture, streamlining processes, re-engineering operations, and enhancing service tracking. Work will include migrating and supporting a Network Security Operations Center (NSOC) within EPA's National Computer Center (NCC), one of the largest computer centers in the US. "As a result of expanding our cybersecurity capabilities with the acquisition of Stanley, we are broadening the portfolio of services we deliver to EPA," said George Schindler, President, CGI Federal. "This was one of the first opportunities we worked on from strategy through award as one combined team and I am pleased by the teamwork and successful outcome. Going forward, I am confident that our civilian, defense, and intelligence clients will continue to see great value as we bring our full set of capabilities to bear on their mission and business requirements." "I am pleased to be partnering with EPA to help transform their cybersecurity approach—which is such a critical operational priority," said Kenyon Wells, Vice-President, CGI. "CGI understands that it takes the right combination of people, processes, and technology—in partnership with EPA—to increase efficiency and help EPA succeed." With this award, CGI will add more than 30 new jobs in Research Triangle Park, N.C. The CGI team includes partner companies FedConcepts and Raytheon. 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 and its affiliated companies employ approximately 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centers of excellence in the United States, Canada, Europe and Asia Pacific. As at March 31, 2011, CGI's annualized revenue was approximately C$4.5 billion and its order backlog was approximately C$12.6 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. Forward-Looking Statements 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 sections 138.3 and following of the Ontario Securities Act, as amended. These statements and this information represent CGI Group Inc.'s ("CGI") 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 and 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 information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management's Discussion and Analysis ("MD&A") 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 CGI's annual and quarterly MD&A and 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. SOURCE CGI GROUP INC.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.