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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.

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