logo
  Join        Login             Stock Quote

CGI Group (GIB) Selected To Deliver Software And Systems Engineering To U.S. Army

 January 08, 2013 10:48 AM
 


(By Balaseshan) IT and business process services firm CGI Group Inc. (NYSE: GIB) said its unit was selected for a multiple-award contract to deliver software and systems engineering to the U.S. Army Communications-Electronics Command.

CGI Federal Inc. has been awarded a prime position on the indefinite-delivery, indefinite-quantity (ID/IQ), multiple-award contract for the Software and Systems Engineering Services Next Generation (SSES NexGen) contract.

The five-year ID/IQ has a total vehicle ceiling of $7 billion. The contract was awarded by the U.S. Army Communications-Electronics Command Life Cycle Management Command (CECOM LCMC) Software Engineering Center (SEC).

[Related -CGI Group (GIB) Upgraded To 'Outperform' By RBC Capital; PT Raised]

Under the vehicle, CGI will deliver life cycle systems, software engineering, and business and information technology support services to the SEC, which supports the Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) mission in the Army and across the Department of Defense.

"With more than 30 years of partnership with CECOM, our professionals understand the mission and how technology can help enhance operations and improve the Army''s ability to support the C4ISR community," said Barb Fast, CGI Vice-President for Army & Defense Intelligence Programs.

CGI Group provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. The company's delivery model provides for work to be carried out onsite at client premises, or through its centers located globally.

[Related -Seven Stocks To Invest In Computer Services: SYNT, SREV, GOOG, BIDU, SOHU, GIB, INXN]

GIB is trading up 1.82% at $23.49 on Tuesday. The stock has been trading between $17.40 and $27.71 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.