CGI Awarded Spot on US$2.5 Billion Navy CANES Contract
Charleston, South Carolina (ots/PRNewswire) - Stock Market Symbols
GIB.A (TSX) http://www.cgi.com/newsroom
Consolidated Afloat Network Enterprise Services (CANES) multi-award contract vehicle includes an initial delivery order for one system while allowing CGI to compete
for additional projects
CGI Federal, a wholly owned U.S. operating subsidiary of CGI Group Inc., was awarded an indefinite-delivery/indefinite-quantity (ID/IQ), contract for delivery of management and enterprise IT services in a single, integrated network for U.S. Navy ships. The contract allows CGI to compete for individual delivery orders over the fixed eight-year term.
CANES will deliver next generation integrated network support to the fleet using commercial off-the-shelf (COTS) hardware and software, while consolidating five legacy networks into one. It is designed to deliver standardization and increased interoperability across the fleet, with increased security. CANES delivers its capabilities within a single complete system, establishing the necessary infrastructure that will enable timely information exchange among tactical, support and administrative users, applications and information technology platforms. The new system will both increase operational effectiveness and improve the 'on-board' quality of life for Sailors.
"CGI brings a depth of real-world experience to CANES as a result of supporting Navy customers for decades," said Timothy J. Hurlebaus, Senior Vice-President, CGI Federal. "We welcome the opportunity to deliver for the Navy on this visible, mission-critical program."
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 the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: http://www.cgi.com.
CGI 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 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 http://www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at http://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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