CGI to modernize U.S. Environmental Protection Agency's financial management systems to enhance transparency, resource planning and efficiency

CGI (NYSE: GIB) won a US$64 million, five-and-a-half-year indefinite delivery/indefinite quantity contract from the U.S. Environmental Protection Agency to expand deployment of CGI's Momentum Enterprise Suite for the EPA Compass financial management platform.

Rhea-AI Summary

CGI (NYSE: GIB) won a US$64 million, five-and-a-half-year indefinite delivery/indefinite quantity contract from the U.S. Environmental Protection Agency to expand deployment of CGI's Momentum Enterprise Suite for the EPA Compass financial management platform.

Work includes AI-enabled automation, ERP capabilities, integrated licensing, operations and maintenance, and optimization within the agency's Amazon Web Services environment to retire legacy systems and streamline administrative processes.

Positive

• US$64 million contract award
• Contract term of 5.5 years
• AI and ERP modernization to retire legacy systems

Negative

• IDIQ structure creates uncertain revenue timing
• Dependence on AWS environment for deployment

Argus Feb 24 session

-0.98% close to close Open Argus

Details

News Market Reaction – GIB

On Feb 24, the day this news came out, GIB closed 0.98% below the previous close.

Data tracked by StockTitan Argus for the Feb 24 session.

Key Figures

Contract value: US$64 million Contract term: Five and a half years

Contract value

US$64 million

Indefinite delivery/indefinite quantity contract with U.S. EPA for Compass platform

Contract term

Five and a half years

Duration of EPA financial management modernization contract

Historical Context

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Key Terms

indefinite delivery/indefinite quantity, enterprise resource planning, amazon web services (aws), artificial intelligence

4 terms

indefinite delivery/indefinite quantity financial

"The goal of the US$64-million indefinite delivery/indefinite quantity contract..."

A contract type where a buyer agrees to purchase an unspecified number of goods or services over a set period, with the seller receiving individual orders as needs arise. Think of it like a standing grocery order: the store promises to buy whatever supplies it needs up to an agreed limit, but exact timing and quantities are decided later. For investors, such contracts can signal a steady potential revenue stream and backlog visibility, while leaving some uncertainty about timing and total value.

enterprise resource planning technical

"integrated AI and enterprise resource planning capabilities that will allow the agency..."

Enterprise resource planning (ERP) is a comprehensive software system that helps organizations manage and coordinate their core activities—such as finance, supply chain, human resources, and manufacturing—within a single platform. It streamlines operations by providing real-time information, enabling better decision-making. For investors, ERP systems indicate how efficiently a company runs and can signal its ability to adapt and grow in a competitive market.

amazon web services (aws) technical

"optimizing Compass within the agency's Amazon Web Services (AWS) environment."

Amazon Web Services (AWS) is an on-demand online platform that rents computing power, data storage and software tools over the internet—think of it as renting electricity and factory space for digital work instead of building your own. Investors watch AWS because it generates steady, recurring revenue and often higher profit margins than product sales, so its growth, pricing power and customer mix significantly affect a company’s overall earnings and long-term value.

artificial intelligence technical

"goal ... is to harness artificial intelligence and other Momentum capabilities..."

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAIRFAX, Va., Feb. 24, 2026 /PRNewswire/ - CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), has been selected to manage and modernize the U.S. Environmental Protection Agency's (EPA) financial management platform, called Compass, by expanding the implementation of CGI's Momentum® Enterprise Suite.

The goal of the US$64-million indefinite delivery/indefinite quantity contract, awarded by EPA's Office of the Chief Financial Officer, is to harness artificial intelligence and other Momentum capabilities to drive greater automation and system consolidation. The contract spans five and a half years and includes several task orders that strengthen CGI's partnership with the agency.

Under the agreement, CGI will add on to EPA's existing Momentum capabilities and provide integrated licensing, operations and maintenance, while optimizing Compass within the agency's Amazon Web Services (AWS) environment. This will introduce new automation, integrated AI and enterprise resource planning capabilities that will allow the agency to retire outdated legacy systems. By leveraging Momentum's scalable design, EPA will be able to streamline administrative processes and focus on strategic initiatives.

"This contract reflects the strength of our long-standing collaboration and our shared commitment to responsible stewardship of public resources," said Jay Hadley, Senior Vice-President and Business Unit Leader for Regulatory Agencies, CGI. "By modernizing financial systems and advancing automation, we're helping EPA improve operational efficiency, reduce costs and deliver on the federal mandate to protect taxpayer dollars through transparency and accountability."

EPA acquired Momentum through the U.S. Department of the Treasury's Financial Management Quality Service Management Office (FM QSMO) marketplace. By integrating artificial intelligence-ready infrastructure and compliance-driven modernization, CGI is helping agencies across the federal enterprise build a more efficient, transparent and accountable government.

About CGI Federal 
CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc., is a leading technology and professional services company that serves federal agencies across defense, civilian, healthcare, justice, intelligence and international affairs. With nearly 8,000 professionals, CGI works with its clients to modernize government through innovative technology solutions, flexible delivery models and a commitment to achieve mission outcomes. For more information, visit www.cgifederal.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 harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour 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 and political conditions, additional external risks (such as pandemics, armed conflict, climate-related issues and inflation) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability 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 and other tax programs, the termination, modification, delay or suspension of our contractual agreements, our expectations regarding future revenue resulting from bookings and backlog, our ability to attract and retain qualified employees, to negotiate favourable contractual terms, to deliver our services and to collect receivables, to disclose, manage and implement environmental, social and governance (ESG) initiatives and standards, and to achieve ESG commitments and targets, including without limitation, our commitment to reduce carbon emissions, as well as the reputational and financial risks attendant to cybersecurity breaches and other incidents, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, interest rate fluctuations and the discontinuation of major interest rate benchmarks and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI's annual MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). 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 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 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.

View original content:https://www.prnewswire.com/news-releases/cgi-to-modernize-us-environmental-protection-agencys-financial-management-systems-to-enhance-transparency-resource-planning-and-efficiency-302694992.html

SOURCE CGI Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CGI announce on February 24, 2026 regarding EPA work (GIB)?

CGI won a US$64 million IDIQ contract to modernize EPA financial systems. According to the company, the five-and-a-half-year program expands Momentum deployment and adds AI, ERP and maintenance within EPA's AWS environment to retire legacy systems.

How long is the EPA contract awarded to CGI (GIB) and what is the value?

The contract spans five and a half years and is valued at US$64 million. According to the company, it is an indefinite delivery/indefinite quantity agreement with multiple task orders strengthening the agency partnership.

What capabilities will CGI deliver to the EPA under the GIB contract?

CGI will add AI-enabled automation, ERP capabilities, and integrated licensing to EPA's Compass platform. According to the company, work includes operations, maintenance and AWS optimization to consolidate systems and improve transparency.

How might the CGI (GIB) contract affect EPA systems and legacy applications?

The effort aims to retire outdated legacy systems and streamline administrative processes. According to the company, Momentum's scalable design and AI-ready infrastructure will support consolidation and greater operational efficiency within EPA.

What investor considerations arise from CGI's US$64M EPA contract (GIB)?

The award provides multi-year, government-backed revenue opportunity but with uncertain timing. According to the company, the IDIQ structure and task orders offer potential growth while revenue recognition depends on task order issuance and delivery schedules.