CGI Federal Inc., a wholly-owned U.S. operating subsidiary of
CGI Group Inc.
), recently won a five-year contract for an indefinite
delivery/indefinite quantity (ID/IQ) for Technical, Acquisition
and Business Support Services (TABSS) from the Department of
Homeland Security (DHS) and the United States Coast Guard (USCG).
DHS is the third largest Cabinet department in the U.S. federal
government, employing more than 200,000 employees. The department
came into existence after the Sep'11 attacks on the U.S. Its
foremost responsibility is to protect the U.S. territories from
terrorist attacks, man-made accidents, and natural disasters. The
department's duty also entails offering immediate assistance and
support in times of crisis apart from enforcing immigration laws.
DHS' programs and assets have an acquisition life cycle, which
starts from initiation and goes through research, production,
development, deployment, operations, upgrade and disposal of its
essential assets. Per the contract, CGI Federal needs to contend
for task orders to provide mission-critical engineering, program
management and technical services to support the acquisition
cycle of DHS.
CGI Federal has a domain expertise to support DHS' mission. Over
the years, it has partnered with federal agencies to provide
solutions for defense, civilian and intelligence missions. Its
next-generation solutions are expected to improve cost-efficiency
across DHS. TABSS also plays a vital role in providing effective
support for planning and administration of programs, in
accordance with the objectives of DHS'.
CGI Group is the fifth largest independent information technology
and business process services firm in the world with over 71,000
members. The company offers a wide array of services like
high-end business and IT consulting, systems integration and
CGI Group Inc. currently has a Zacks Rank #4 (Sell). Some of the
other stocks in the sector worth mentioning are
), each carrying a Zacks Rank #1( Strong Buy) and
) having a Zacks Rank #2 ( Buy).
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