ICF Awarded New $25 Million Agreement to Deliver Cyber Services to Army Research Lab
ICF (NASDAQ: ICFI) was awarded a new subcontract task order from Parsons Corporation to provide cybersecurity technology and R&D services to the U.S. Army Combat Capabilities Development Command Army Research Laboratory (DEVCOM ARL).
Sentiment and the balance of points
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Rhea-AI Summary
ICF (NASDAQ: ICFI) was awarded a new subcontract task order from Parsons Corporation to provide cybersecurity technology and R&D services to the U.S. Army Combat Capabilities Development Command Army Research Laboratory (DEVCOM ARL). The agreement has a $25 million ceiling value and a five-year term, including a 12‑month base period plus four one‑year options.
ICF will support DEVCOM ARL’s CARSIPMoD mission to advance secure, resilient tactical networks for military field operations, delivering AI, machine learning, network science, systems administration, and modeling, simulation and testing services. The company highlights its long-standing ARL support and CMMC Level 2 certification.
Positive
- $25 million ceiling subcontract task order over five years
- Multi-year cyber and R&D support to DEVCOM ARL CARSIPMoD mission
- Expands defense work through partnership with Parsons Corporation
- Leverages ICF’s CMMC Level 2 certification for U.S. defense programs
Negative
- None.
Details
News Market Reaction – ICFI
On Jul 22, the first trading day after this news, ICFI closed 2.20% above the previous close.
Data tracked by StockTitan Argus for the Jul 22 session.
Key Figures
- Contract ceiling
- $25 million
- New subcontract task order
- Contract term
- five years
- Including base period and options
- Base period
- 12 months
- Contract term structure
- Option periods
- four one-year options
- Contract term structure
- ARL support history
- nearly three decades
- ICF support for Army Research Laboratory cyber operations and R&D
- CMMC certification
- Level 2
- Federal cybersecurity certification
Historical Context
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Caltrans recompete contract announcement was followed by a negative price reaction.
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Increased share-repurchase authorization was followed by a positive price reaction.
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Second-quarter earnings timing announcement was followed by a negative price reaction.
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Government-focused accelerator launch was followed by a negative price reaction.
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First-quarter results and reaffirmed guidance were followed by a negative price reaction.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
subcontract task order regulatory
cybersecurity maturity model certification regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Cyber Technology and Research Support Will Advance Tactical Networks for Military Operations
ICF will support DEVCOM ARL's Computationally Augmented and Resilient: Situation Awareness, Intelligence, Planning, Mobility, and Defense (CARSIPMoD) mission of advancing secure, resilient tactical networks to strengthen military field operations. The company will provide a wide range of technology services, including artificial intelligence (AI), machine learning, network science and systems administration, as well as modeling, simulation and testing.
"Mission success depends on staying ahead of rapidly evolving threats and quickly moving from research to real-world application," said Jennifer Welham, ICF senior vice president. "We're proud to partner with DEVCOM ARL and combine deep operational expertise with advanced technology solutions that improve network security, enhance tactical computing and increase the agility needed to support military readiness."
ICF has supported ARL's cyber operations and R&D initiatives for nearly three decades and partners with multiple defense organizations to modernize the systems underpinning readiness and mission operations. From targeted cybersecurity and workforce support to enterprise-level digital modernization, ICF combines mission strategy, human-centered design, AI, open-source development, low-code platforms and custom engineering to build secure, scalable systems that improve performance and accelerate outcomes.
ICF is a Cybersecurity Maturity Model Certification (CMMC) Level 2 certified vendor, recognizing its ability to meet stringent federal cybersecurity standards when supporting
About ICF
ICF is a leading global solutions and technology provider. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and various risks and uncertainties related to health epidemics, pandemics, and similar outbreaks. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.
Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577
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SOURCE ICF
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