CGI to provide ongoing support for undersea warfare systems
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FAIRFAX, VA, July 7, 2015 /CNW Telbec/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced the award of a US$34.3 million contract from the U.S. Department of the Navy's Naval Sea Systems Command (NAVSEA) for Undersea Warfare Systems Engineering and Technical Assistance. The contract, with NAVSEA's Program Executive Office – Integrated Warfare Systems for Undersea Systems (PEO IWS 5), includes a base year, two option years and two award terms, and allows NAVSEA to achieve support continuity and retain the long-term technical expertise provided by CGI personnel. "CGI is proud to support Naval Sea Systems Command and its critical mission to support the combat readiness of U.S. sailors and marines," said Tim Hurlebaus, President, CGI Federal. "By leveraging our long-term engagements with Naval commands in both the air and sea domains, CGI has the expertise required to support combat technologies that help the Navy defend the U.S. and its allies around the world." Charged with providing the U.S. Naval fleet with technically superior warfighting capabilities, the PEO IWS 5 has responsibility for the development and delivery of innovative solutions and technology life-cycle management across Navy vessels stationed worldwide. The organization manages surface ship and submarine combat technologies and systems, and has coordinated the Navy Open Architecture across 275 ship platforms since its establishment in 2002. Today's NAVSEA announcement follows CGI's recent selection as a technology provider for the Space and Naval Warfare Systems Command (SPAWAR) Navy's $50.3M contract to provide IT support services for its ongoing data center modernization program. "We are privileged to have a strong, ongoing partnership with the U.S. Navy," said Andy Jackson, Vice President, Navy programs. "We look forward to building on our existing Naval systems and technologies business and are committed to maintaining a level of support and innovation that have been the hallmarks of our engagement with federal defense and security customers." About CGI 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 of C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com. 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.
SOURCE CGI Group Inc.