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CGI Federal will support the agency's digital transformation through a position on the Agile Development Support Services (ADSS) IDIQ Contract

FAIRFAX, Va., July 21, 2022 /PRNewswire/ - The Federal Communications Commission (FCC) has awarded CGI Federal a position on the FCC Agile Development Support Services (ADSS) multiple award, Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract. Under this new contract vehicle, CGI Federal will support the FCC as the agency synchronizes its mission and IT activities, applying agile development methods and cloud-based technologies to support the agency's digital transformation. The FCC's stakeholders—from broadband users in rural America to industry leaders looking to increase 5G competitiveness—will benefit from a modern systems life cycle approach, supported by agile development and cloud-based services. CGI Federal's awarded contract runs for an 11-month Base Period and four 12-month Options Periods, and task orders will be competed among the 14 contract awardees against a cumulative ceiling of $203.5 million for all awarded IDIQ contracts.

Adopting modern, cloud-based architectures will enable the FCC to deliver on its priorities such as pursuing policies to bring affordable, reliable, high-speed broadband to 100% of the country; promoting diversity, equity, inclusion, and accessibility; empowering consumers to safely and confidently participate in the digital economy; and advancing America's global competitiveness by promoting investment in and advancement of new communications strategies, such as 5G.

Under the IDIQ, FCC Bureaus and Offices will work with industry partners to deliver end-to-end IT services, enabling the agile design, development, implementation, and deployment of IT systems. Individual task orders may encompass modifying or enhancing existing IT systems and services, moving existing systems and services to a cloud environment, or creating new IT systems and services leveraging agile methodologies.

"CGI Federal has gained the trust of the FCC not only through our work supporting their core financials and acquisitions processes and its migration to the cloud, but also through our work on the CISA-led Continuous Diagnostics and Mitigation (CDM) contract," stated Stefan Becker, Senior Vice President at CGI Federal. "This new IDIQ contract positions CGI Federal to further support the core mission areas of the FCC and continue to help the agency innovate and deliver new value for its stakeholders."

About CGI Federal

CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 84,000 consultants and other professionals across the globe, CGI 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 works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2021 reported revenue of C$12.13 billion, CGI 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 harbors. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbor 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 conditions, and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to attract and retain qualified employees, 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, our ability to negotiate favorable contractual terms, to deliver our services and to collect receivables, and the reputational and financial risks attendant to cybersecurity breaches and other incidents; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). For a discussion of risks in response to the coronavirus (COVID-19) pandemic, see Pandemic risks in section 8.1.1. of our Q2 2022 MD&A.

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 and quarterly 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 and quarterly 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.