Maryland Selects ICF for Digital Modernization Contract

Rhea-AI Summary

ICF (NASDAQ: ICFI) was selected as one of eight prime awardees under the state of Maryland's $300 million ceiling digital experience contract announced on December 15, 2025. The contract is a nine-year IDIQ vehicle (five-year base plus two two-year options) called Agile Digital Experience Product Transformation.

ICF will use agile methodologies, human-centered design, enterprise architecture and digital product management to modernize statewide and local digital properties. Work will be assigned via a rotational work order process as projects are issued to transform legacy systems into modern, accessible platforms to support Maryland's digital transformation goals.

Positive

• $300M ceiling statewide digital experience contract
• 9-year term (5-year base + two 2-year options) provides long-term engagement
• Selected as one of eight prime awardees for state-level work

Negative

• Contract is an IDIQ $300M ceiling, not guaranteed revenue
• Rotational work order process may limit immediate assigned project volume

News Market Reaction

+1.12%

1 alert

+1.12% News Effect

On the day this news was published, ICFI gained 1.12%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Contract ceiling: $300 million Contract term: 9 years Base period: 5 years +2 more

5 metrics

Contract ceiling $300 million Maryland digital experience contract ceiling value

Contract term 9 years Total term including base period and options

Base period 5 years Initial base term of Maryland contract

Option periods Two 2-year options Optional extensions on Maryland contract

Prime awardees 8 companies Number of prime contractors on Maryland vehicle

Market Reality Check

Price: $93.25 Vol: Volume 158,648 is slightl...

normal vol

$93.25 Last Close

Volume Volume 158,648 is slightly below 20-day average 171,366 (relative volume 0.93x). normal

Technical Shares at 87.08 are trading slightly below the 200-day MA of 87.23 and about 35.66% under the 52-week high 135.34.

Peers on Argus

While ICFI fell 2.27%, peers were mixed: DGNX -6.64%, CRAI -0.35%, HURN +1.14%, ...

While ICFI fell 2.27%, peers were mixed: DGNX -6.64%, CRAI -0.35%, HURN +1.14%, SBC +0.72%, FCN +0.70%, suggesting stock-specific dynamics rather than a broad consulting-sector move.

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	Employer recognition	Positive	+0.8%	Named to U.S. News Best Company to Work For list.
Dec 03	Investor conference	Neutral	+1.9%	Announcement of participation in Sidoti virtual investor conference.
Oct 30	Leadership changes	Neutral	-0.1%	Announced CFO retirement and new executive leadership roles for 2026.
Oct 30	Q3 2025 earnings	Neutral	-0.1%	Reported Q3 2025 financial results and maintained 2025 guidance framework.
Oct 07	Platform upgrade	Positive	+0.2%	Announced next generation of Sightline utility program platform with AI features.

Pattern Detected

Recent news and events have generally produced modest, mostly positive price reactions, with no large divergences from the apparent sentiment of the announcements.

Recent Company History

Over the last few months, ICF has reported several developments: recognition as a Best Company to Work For on Dec 8, 2025 (+0.8%), participation in the Sidoti virtual investor conference announced on Dec 3, 2025 (+1.87%), leadership changes and Q3 results on Oct 30, 2025 (both around -0.15%), and an update to its Sightline utility platform on Oct 7, 2025 (+0.16%). The new Maryland digital modernization contract fits the pattern of operational and strategic wins, though prior reactions have been relatively muted.

Market Pulse Summary

This announcement details ICF’s selection as one of eight prime awardees on Maryland’s Agile Digital...

Analysis

This announcement details ICF’s selection as one of eight prime awardees on Maryland’s Agile Digital Experience Product Transformation contract, a statewide vehicle with a $300 million ceiling and 9-year term. It underscores the firm’s focus on agile delivery, human-centered design, and modernizing legacy systems for state and local clients. In the past six months, ICF has combined platform enhancements, leadership changes, and steady earnings updates, so investors may watch how this award contributes to state and local revenue growth and backlog over time.

Key Terms

indefinite delivery, indefinite quantity, agile methodologies, human-centered design, enterprise architecture, +1 more

5 terms

indefinite delivery, indefinite quantity technical

"The statewide indefinite delivery, indefinite quantity vehicle, Agile Digital Experience..."

An indefinite delivery, indefinite quantity agreement is a standing contract that lets a buyer place orders over a set period without committing to exact quantities or delivery dates up front; think of it as a blank check for future purchases within agreed limits. For investors, it signals potential recurring revenue and a longer sales runway because the seller can receive multiple orders, but it also leaves some uncertainty in timing and total sales, so forecasts and valuation must account for that variability.

agile methodologies technical

"ICF will leverage agile methodologies, human-centered design, enterprise architecture..."

Agile methodologies are ways teams plan and do work in short, focused cycles that let them build, test and change products quickly instead of following a long fixed plan. For investors, agile practices matter because they help companies respond faster to customer needs and market shifts, reduce the risk of wasted investment, and often deliver incremental revenue or cost improvements sooner—like adjusting a recipe after each small taste test instead of waiting until the whole meal is cooked.

human-centered design technical

"ICF will leverage agile methodologies, human-centered design, enterprise architecture..."

A design approach that builds products, services and processes around real people’s needs, habits and feedback, using repeated testing and refinement to make sure solutions work in practice. For investors, it matters because user-focused designs tend to get adopted faster, cost less to fix later, and create stronger customer loyalty—like tailoring a suit to the wearer instead of guessing a size—reducing business risk and supporting more reliable revenue.

enterprise architecture technical

"ICF will leverage agile methodologies, human-centered design, enterprise architecture..."

Enterprise architecture is a high-level blueprint showing how an organization’s technology, data, processes and people fit together to achieve its goals — like a city master plan mapping roads, utilities and zoning so everything works in sync. Investors care because it affects how efficiently a business can scale, control costs, manage risk and launch new products; a clear, well-executed architecture reduces wasted spending and execution uncertainty, making future performance easier to judge.

digital product management technical

"ICF will leverage agile methodologies, human-centered design, enterprise architecture and digital product management..."

Digital product management is the ongoing process of planning, building, and improving software-based products—like apps, websites, or online services—to meet user needs and business goals. Think of it as a film director who guides ideas, teams, features, and schedules so the finished product delights customers, stays competitive, and costs less to run; for investors, strong digital product management often means faster growth, lower development waste, and more predictable revenue and user retention.

AI-generated analysis. Not financial advice.

Efforts to Improve Digital Experiences for Citizens Across the State

RESTON, Va., Dec. 15, 2025 /PRNewswire/ -- ICF (NASDAQ: ICFI), a leading global solutions and technology provider, has been selected as one of eight prime awardees under the state of Maryland's $300 million ceiling digital experience contract. The new contract has a term of nine years, including a five-year base and two two-year options.

The statewide indefinite delivery, indefinite quantity vehicle, Agile Digital Experience Product Transformation, will improve and accelerate the delivery of modern, user-centered digital experiences across all of Maryland's state and local digital properties.

ICF will leverage agile methodologies, human-centered design, enterprise architecture and digital product management to help Maryland agencies improve how citizens interact with government services. As projects are assigned to ICF through a rotational work order process, the company will transform legacy systems into modern, accessible platforms that evolve with user needs and support the state's ambitious digital transformation goals.

"We're proud to partner with Maryland to improve how constituents access and engage with critical government services," said David Birken, ICF senior vice president for digital modernization and experience. "We're dedicated to delivering reliable, scalable, user-centered platforms that advance Maryland's vision for a more responsive and efficient government and achieve measurable impact."

ICF combines technology solutions with local, on-the-ground staff and deep, industry-specific expertise to help state and local governments deliver improved citizen services. Working with states nationwide, ICF has achieved measurable results in building stronger, healthier and more resilient communities.

About ICF

ICF is a leading global solutions and technology provider with approximately 9,000 employees. 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 that 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/maryland-selects-icf-for-digital-modernization-contract-302642493.html

SOURCE ICF

FAQ

What did ICF (ICFI) announce on December 15, 2025 regarding Maryland?

ICF was selected as one of eight prime awardees under Maryland's $300 million ceiling digital experience contract.

How long is the Maryland digital experience contract awarded to ICF (ICFI)?

The contract term is nine years: a five-year base period plus two two-year options.

What scope will ICF (ICFI) provide under the Maryland contract?

ICF will deliver agile development, human-centered design, enterprise architecture and digital product management to modernize state and local digital properties.

Does the $300 million figure mean ICF will receive $300 million in revenue?

No; the $300 million is a contract ceiling under an IDIQ vehicle and does not guarantee total revenue to ICF.

How will projects be assigned to ICF (ICFI) under the Maryland contract?

Projects will be assigned through a rotational work order process among the prime awardees as tasks are issued.

What immediate impact might the Maryland award have for ICF (ICFI) shareholders?

The award establishes a long-term state engagement and potential project pipeline but does not specify guaranteed contract revenue or timing.