Press release from Marketwire
CGI Federal selected as prime contractor for 10-year, multi-billion dollar GSA OASIS contract
Contract vehicle allows CGI to compete on billions of dollars in projects
Tuesday, July 08, 2014
CGI Federal selected as prime contractor for 10-year, multi-billion dollar GSA OASIS contract08:29 EDT Tuesday, July 08, 2014
FAIRFAX, VIRGINIA--(Marketwired - July 8, 2014) - CGI Federal Inc. (CGI) (NYSE:GIB) (TSX:GIB.A) announced today that the General Services Administration (GSA) has chosen the company as a prime contractor under a new contract vehicle known as One Acquisition Solution for Integrated Services (OASIS). The multi-award contract has an unlimited ceiling, allowing CGI to compete for billions of dollars in complex professional services task orders across all agencies in the U.S. federal government.
GSA oversees the business of the federal government, among other things supplying federal purchasers with cost-effective, high-quality products and services from commercial vendors. CGI is one of 74 awardees under OASIS, an "indefinite delivery indefinite quantity" (IDIQ) contract that will allow awardees to compete on a range of program management, management consulting, logistics, engineering, scientific and financial management services. Awardees will also be able to offer technology solutions as an ancillary service. For the first time, agencies will be able to purchase high-value professional services along with supporting IT solutions through a single contract, saving customers time and money.
"We are proud of GSA's selection of CGI," said Dr. James Peake, Lt. Gen. (Ret), President, CGI Federal. "It is a true reflection of our successful past performance delivering high-quality professional services to our clients. We are eager to begin implementing our innovative solutions under the OASIS vehicle in support of all missions across the Federal government."
OASIS will be a critical solution of choice for many government agencies including the U.S. Air Force, who in December signed an agreement with GSA to use the contract for professional services.
"We are looking forward to serving our clients through the OASIS vehicle, with continued support to our U.S. military, including the U.S. Air Force and U.S. Army" said Timothy J. Hurlebaus, CGI Federal senior vice president and National Security and Defense Programs business unit leader. "While the OASIS vehicle will be a vehicle of choice across the government, we expect to be a continued partner of choice for critical services and solutions for our clients."
CGI is among the companies that are now approved as prime contractors under both the Alliant and OASIS vehicles - a demonstration of the company's ability to deliver a full range of IT and professional services to our clients.
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 annualized revenue in excess of C$10 billion and an order backlog exceeding C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: 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 www.sec.gov), and in the Company's 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.
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