CGI Group wins $871-million US Defense deal

CGI today said its wholly-owned subsidiary, CGI Federal Inc., was awarded the five-year contract to deliver a range of technology and business services, including engineering, scientific, testing, and logistics. CGI Group (TSX:GIB.A) Wednesday said it has inked am $871 million deal with the U.S. Defense Information Systems Agency (DISA).

The company said its wholly-owned subsidiary, CGI Federal Inc., was awarded the five-year contract to deliver a range of technology and business services, including engineering, scientific, testing, and logistics.

CGI said that the services will include all support aspects for the agency’s test and evaluation mission, including the operation and maintenance of the test tools, labs, networks and infrastructure, and administrative support cells.

“We look forward to working with DISA to enhance the operations and effectiveness of their [test and evaluation] T&E capabilities,” said the VP for CGI’s national security programs, Tim Hurlebaus.

“Our understanding of the DISA mission combined with the end-to-end technology and engineering expertise we deliver will help DISA support national security priorities and operations.”

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CGI Federal Inc. is dedicated to partnering with federal agencies to provide solutions for defense, civilian, and intelligence missions.

Founded in 1976, CGI Group Inc. is the sixth largest independent information technology and business process services firm in the world.

The company has approximately 72,000 employees located in offices and global delivery centers in the Americas, Europe and Asia Pacific. It offers business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as more than 100 proprietary solutions.

In May, CGI, agreed Thursday to buy U.K.-based outsourcing company Logica (LON:LOG) in a $2.8 billion deal, including around $515 million of Logica debt.

Further to the completion of the Logica acquisition, CGI said its annualized revenue is about $10.4 billion, with an estimated order backlog of approximately $17.7 billion.

Shares of the company were down 1.75 per cent as at about 2:10 p.m. ET, trading at $26.36.

Carrie White
Proactive Investors
Source Article

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About the Author

After graduating with honors in Journalism in 1998, Carrie went on to have a management career in the hospitality industry. She joined a western Canadian, community news publication in Golden, B.C. in 2008 and was quickly promoted to Editor. After two years, she joined another small, independent community news publication in Jasper, Alberta. Carrie recently returned to her hometown of Toronto and joined the Proactive Investors team as a Senior Equities Journalist in March 2012.

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