THE DEPARTMENT OF NATIONAL DEFENCE SELECTS CGI FOR THE SUPPORT OF COMMAND AND CONTROL OPERATION TOOLS
The Department of National Defence of Canada has selected CGI Group Inc. (CGI)
(TSX: GIB.SV.A; NYSE: GIB) for a three-year contract valued at CDN$15 million
for the continued support of command and control operation tools as well as
software upgrades. This contract has the option of being extended for one-year.
CGI has delivered services to National Defence for over 15 years.
As part of this contract, some 25 CGI professionals are working in the client’s Val Cartier, Quebec-based research unit. The tools are based on NATO’s standards which enable all allied countries to interface and share vital information. CGI is responsible for the development of several applications based on these standards.
The tools help the military plan and make decisions when in defence and in peace keeping operations. This upgrade and continued support of these tools is part of a federal initiative to provide Canadian Forces’ commanders with better access to information for planning, monitoring and adapting activity in order to make decisions more efficiently and effectively. Ultimately, the purpose of these tools is to use the information to save lives.
“We are pleased that through this engagement we can extend our long-term partnership with National Defence. We have been able to demonstrate our ability to bring incremental value to them as a result of our team of talented professionals who have intimate knowledge of both their technical and business requirements. We are dedicated to helping them grow in the most economical way possible,” said Claude Marcoux, senior vice-president, Quebec City of CGI.
Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in India and Canada. CGI’s annualized revenue run rate is currently CDN$3.8 billion (US$3.0 billion) and at December 31, 2004, CGI’s order backlog was CDN$13 billion (US$10.3 billion). CGI’s shares are listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. 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. These statements represent CGI Group Inc.’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.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management’s Discussion and Analysis (MD&A) in CGI Group Inc.’s Annual Report or Form 40-F filed with the SEC, the Company’s Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
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