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FAIRFAX,
Va., June 27, 2024 /PRNewswire/ - CGI
Federal Inc. (CGI), the wholly owned U.S. operating subsidiary
of CGI Inc. (TSX: GIB.A) (NYSE: GIB), announces its selection as a
technology partner for the Federal Bureau of Investigation (FBI) to
help the Bureau lower costs and increase project and program
success through modernization of their IT systems. CGI's
selection enables the company to bid on task orders under the FBI
Information Technology Supplies and Support Services 2nd Generation
(ITSSS-2) Blanket Purchase Agreement (BPA), which carries a ceiling
value of US$8 billion. This new BPA
was awarded under the General Services Administration (GSA)
Multiple Award Schedule (MAS).
"As a trusted partner to the FBI and Department of Justice, we
help these organizations accelerate their digital transformations
to deliver business and mission outcomes," said Clay Goldwein, CGI Senior Vice-President,
National Security and Justice.
Under the BPA, CGI will leverage its global services and
solutions ecosystem and extensive alliance network to deliver
business consulting services, systems integration and managed IT
services to drive value aligned with the Bureau's existing and
future objectives.
"This new agreement will allow CGI to build upon a decade
of success working with the FBI, to bring the right talent, tools
and emerging technologies that the Bureau needs to thrive in
today's rapidly evolving mission and technology landscape," said
Robert Moskowitz, CGI
Vice-President, Consulting Services. "Moreover, CGI's presence in
FBI locations such as the National Capital Region and Huntsville, Alabama, enables us to support the
FBI's Strategic Realignment and other initiatives while leveraging
top local talent within the communities where we live and
work."
About CGI Federal
CGI Federal Inc. (CGI), 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 Inc. is among the largest independent IT and business
consulting services firms in the world. With 90,000 consultants and
professionals across the globe, CGI Inc. 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 Inc. 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 Inc. Fiscal 2023 reported
revenue is CA$14.30 billion and CGI Inc.'s 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 harbours. All
such forward-looking information and statements are made and
disclosed in reliance upon the safe harbour 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 and political conditions, additional external risks (such
as pandemics, armed conflict, climate-related issues and inflation)
and our ability to negotiate new contracts; risks related to our
industry such as competition and our ability 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 and other tax programs, the termination, modification,
delay or suspension of our contractual agreements, our expectations
regarding future revenue resulting from bookings and backlog, our
ability to attract and retain qualified employees, to negotiate
favourable contractual terms, to deliver our services and to
collect receivables, to disclose, manage and implement
environmental, social and governance (ESG) initiatives and
standards, and to achieve ESG commitments and targets, including
without limitation, our commitment to net-zero carbon emissions by
2030, as well as the reputational and financial risks
attendant to cybersecurity breaches and other incidents, and
financial risks such as liquidity needs and requirements,
maintenance of financial ratios, interest rate fluctuations and the
discontinuation of major interest rate benchmarks and changes in
creditworthiness and credit ratings; as well as other risks
identified or incorporated by reference in this press release, in
CGI's annual MD&A and in other documents that we make public,
including our filings with the Canadian Securities Administrators
(on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and
Exchange Commission (on EDGAR at www.sec.gov). 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 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 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.
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SOURCE CGI Inc.