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CGI awarded 10-year contract by State of New Jersey to enhance natural disaster recovery operations

1. CGI awarded a 10-year contract with New Jersey for disaster recovery. 2. SIROMS effectively managed over $7.2 billion in recovery funds. 3. The partnership enhances operational efficiency and reduces recovery costs. 4. New Jersey's system ensures financial accountability and audit readiness. 5. CGI's model incorporates innovations from other jurisdictions to support collaboration.

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FAQ

Why Bullish?

The long-term contract signifies stability and growth potential for CGI. Historical contracts like those for post-hurricane recovery have led to increased stock performance.

How important is it?

The contract represents a significant revenue opportunity for CGI, enhancing market perception. Long-term partnerships typically improve investor confidence in growth trajectories.

Why Long Term?

The impact of this partnership will influence CGI’s revenue stream over a decade. Previous contracts in similar domains have provided sustained income for extended periods.

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Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Renewed partnership empowers New Jersey with a scalable, state-owned recovery platform to manage federal disaster relief funds and accelerate response to future emergencies  , /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A), one of the world's largest independent technology and professional services firms, today announced the award of a 10-year contract with the State of New Jersey for continued development, enhancement, and support of its State Integrated Recovery Operations Management Systems (SIROMS) – building on more than a decade of trusted partnership and innovation in natural disaster recovery technology and service delivery. Originally established to support the recovery from Superstorm Sandy, SIROMS has evolved into the state's system of record for managing natural disaster recovery efforts and has managed the distribution of over $7.2 billion in recovery funds. Under the renewed agreement, CGI will continue to support New Jersey's readiness to respond to current and future natural disasters, enabling the state to efficiently manage federal recovery funds and reduce the overall cost of natural disaster recovery. "Our partnership with CGI has been instrumental in helping New Jersey respond effectively to major disasters and prepare for those yet to come," said Parth Sampath, State Contract Manager, New Jersey Department of Community Affairs. "This agreement ensures we have both the technology and expertise in place to protect our residents and communities while reducing the cost and complexity associated with long-term disaster recovery." Through the SIROMS platform, New Jersey has modernized recovery operations by enhancing operational efficiency, ensuring financial traceability and accountability in the distribution of funds, and achieving comprehensive audit readiness. The system has empowered the state to make faster data-driven decisions, accelerating recovery timelines, and increasing transparency for residents and oversight officials. As of May 2025, the state has disbursed more than $7 billion in recovery funds supporting thousands of residents across New Jersey. The SIROMS solution has enabled the state to track over 10,000 individual reports supporting the successful submission of quarterly progress to HUD over the past 48 quarters.  "Our ongoing partnership with the State of New Jersey reaffirms CGI's commitment to helping governments enhance resilience and accelerate recovery from natural disasters," said Scott Burghoff, Senior Vice-President & Business Unit Leader, CGI. "Our collaboration over the past decade has demonstrated the power of a modern, adaptable technology platform to serve citizens when they need it most." The platform is designed to incorporate enhancements from other jurisdictions, such as Puerto Rico's public-facing disaster-funding transparency portal, and shares innovations developed in New Jersey in return. This collaborative model supports a growing community of state and local governments working together to strengthen resilience and streamline recovery. About CGI Founded in 1976, CGI is among the largest independent technology and professional services firms in the world. With 93,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com. SOURCE CGI Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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