CGI (NYSE: GIB ) (TSX: GIB.A) announced that it has been selected for a 10-year IDIQ contract valued at $US133.9M to provide the U.S. Army with a single, enterprise-wide contract writing and management system designed to put capabilities in the troops' hands faster and more efficiently. The new Army Contract Writing System (ACWS) will leverage CGI's Momentum ® enterprise solution to bring an enhanced user experience to the Army's acquisition professionals and, ultimately, to the warfighter.
"We are excited to partner with CGI to deliver the Army Contract Writing System to the contracting workforce. This system will help streamline the Acquisition process and ultimately put capabilities in the hands of our warfighters sooner," said LTC Robert Wolfe, ACWS Product Manager.
ACWS supports compliance with the Federal Financial Management Act of 1996, integrates with existing enterprise resource planning (ERP) solutions and decreases the number of complex interfaces while fostering audit readiness. ACWS will replace the Standard Procurement System/Procurement Desktop-Defense, the Procurement Automated Data and Document System, and the Virtual Contracting Enterprise suite of tools, and will be used by approximately 10,000 users at 300 locations worldwide.
"We are very proud to be chosen to help lead the Army into a brand new era of enterprise-wide contracting," said Tim Hurlebaus , President of CGI Federal. "Momentum dovetails perfectly with the Army's requirements. It's a world-class support program and capability developed for an active user community, and we're fully committed to partnering with the Army and the ACWS team to achieve their vision."
Momentum is a flexible, web-based, Commercial Off the Shelf (COTS) system built to specifically support the full federal financial, budget, asset and procurement management lifecycles. It annually processes billions of dollars of federal government acquisition actions. The system is user-friendly and features a tailored experience that addresses business processes via configuration as opposed to customization. Other CGI Momentum clients include the U.S. Departments of Justice and State; the Federal Judiciary; the Agriculture Shared Service and many other executive, legislative and judicial branch organizations.
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, healthcare 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 70,000 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 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion , CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com .
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.
Date: Jun 14, 2017