Navy Awards ICF Multiple Award Cyber Services IDIQ Valued Up to $330 Million

Win Further Expands ICF's Cyber Services Reach in Armed Services

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Jul 11, 2019, 16:05 ET

FAIRFAX, Va., July 11, 2019 /PRNewswire/ -- The U.S. Navy recently awarded ICF (NASDAQ: ICFI) a new multiple-award indefinite delivery, indefinite quantity contract to provide cyberspace technical, management and professional services. The company was one of a handful of qualified firms selected for this work.

The multiple-award contract, which is with the Navy Information Warfare Center Pacific (NIWC Pacific), has a potential ceiling value of $800 million over seven years, including one three-year base and two two-year options. The base period has a potential award value up to $330 million.

Through it, ICF will support NIWC Pacific and any Navy client agencies in need of cyber services. This includes supporting technology assessments, cybersecurity research and development, rapid prototyping and integration, cybersecurity operations, vulnerability assessments and simulation and training, to name a few.

"We view cyber as an enabler for resilience, one of many domains that affect the security of the entire enterprise," said Jonathan Sholtis, senior vice president for ICF's cyber line of business. "At ICF, we're focused on providing holistic solutions designed to secure all systems—from IT to people and processes to physical infrastructure—where clients have access to a diverse set of capabilities designed to meet the full scale of diffuse and asymmetric cyber threats."

With this win, ICF now holds cyber services contracts with three of the five armed services branches of the U.S. Department of Defense: Army, with over 20 years of cyber support to the Army Research Laboratory (ARL); Air Force, with its 2018 contract award with Air Combat Command (ACC); and now with the Navy.

"The Navy win is a natural extension of our overall growth strategy: to extend ICF's cyber and resilience capabilities from our work with ARL and ACC to additional defense clients," said Baris Yener, ICF senior vice president for cyber and enterprise resilience business development. "We're truly honored to have been selected by the Navy to support its ongoing cyber mission."

ICF's cyber and resilience specialists help military, national security and commercial clients build and successfully defend the most aggressively attacked infrastructures on the planet. Read more about ICF's cybersecurity and resilience services.

About ICF
ICF is a global consulting services company with over 7,000 full- and part-time employees, but we are not your typical consultants. 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; and our ability to acquire and successfully integrate businesses. 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, [email protected], +1.571.373.5577

SOURCE ICF