CGI to modernize U.S. Environmental Protection Agency's financial management systems to enhance transparency, resource planning and efficiency
MWN-AI** Summary
CGI Federal Inc., a subsidiary of CGI Inc., has been awarded a $64 million contract to modernize the U.S. Environmental Protection Agency's (EPA) financial management systems through the expansion of its Momentum® Enterprise Suite. This initiative aims to enhance transparency, resource planning, and operational efficiency within the agency over the next five and a half years. Under the agreement, CGI will leverage cutting-edge technology, including artificial intelligence (AI) and automation, to improve the existing financial system, known as Compass, while transitioning it to the Amazon Web Services (AWS) environment.
The contract is positioned to eliminate outdated legacy systems, facilitating the streamlining of administrative processes. By integrating AI-driven capabilities and enhancing resource planning, the EPA aims to promote transparency and better management of public resources, reflecting the federal mandate to protect taxpayer dollars. Jay Hadley, CGI's Senior Vice-President, emphasized the importance of this project in improving operational efficiency and reducing costs, building on a long-standing collaborative relationship with the EPA.
Additionally, the upgrade of the financial management platform aligns with broader federal initiatives to create a more accountable and transparent government. ESG (environmental, social, and governance) principles are also woven into this modernization effort, as CGI seeks to fulfill existing commitments to reduce carbon emissions and improve overall sustainability.
The implementation of CGI's Momentum is expected to provide enhanced operational capabilities across the federal landscape, reinforcing the agency's mission to leverage technology for effective governance. The undertaking signifies a crucial step toward fostering a more efficient management of environmental and financial resources.
For more details, the full press release is available via [CGI's news platform](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).
MWN-AI** Analysis
CGI Inc. (NYSE: GIB; TSX: GIB.A) is positioned as an attractive investment following its recent $64 million contract with the U.S. Environmental Protection Agency (EPA) to modernize its financial management systems. This contract, indicative of strong government demand for advanced technology solutions, aims to enhance transparency, resource planning, and operational efficiency through CGI's Momentum® Enterprise Suite and artificial intelligence (AI) integration.
Investors should consider CGI's growing footprint within federal contracts, particularly in light of the ongoing commitment to modernization in the public sector. By leveraging innovative platforms like Momentum, CGI is not just replacing legacy systems, but fundamentally transforming how public agencies manage finances, thereby reducing operational costs and improving accountability. This positions CGI as a vital player in a market increasingly focused on sustainability and effective management of taxpayer resources.
Moreover, CGI's strategic alignment with the EPA underscores its capability to deliver complex, technology-driven solutions that resonate with broader governmental objectives. The five-and-a-half-year contract will encompass the optimization of financial processes within an Amazon Web Services (AWS) environment, indicating CGI's adaptability and technological prowess.
For investors, this project could signal a robust revenue stream, especially as CGIs public sector business expands. The modernization of governmental systems will likely drive demand for additional CGI services across other federal agencies, thus enhancing long-term growth prospects.
However, investors should remain aware of potential risks, including contract execution challenges, competitive pressures, and broader economic conditions affecting public spending. Overall, maintaining a watchful eye on CGI's performance metrics and the evolving landscape of government partnerships will be crucial for making informed investment decisions in the coming quarters.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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FAIRFAX, Va., Feb. 24, 2026 /CNW/ - 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.
SOURCE CGI Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2026/24/c2323.html
FAQ**
How does CGI Inc. GIB plan to ensure that the enhanced automation and system consolidation in the EPA's financial management platform will improve transparency and accountability for taxpayers?
What specific AI capabilities will CGI Inc. GIB integrate into the EPA's Compass system to enhance resource planning and operational efficiency?
How will CGI Inc. GIB measure the success of the modernization efforts in the EPA’s financial management systems over the contract's five-and-a-half-year duration?
What strategies will CGI Inc. GIB employ to retire outdated legacy systems while ensuring a smooth transition to the new Momentum-based platform within the EPA?
**MWN-AI FAQ is based on asking OpenAI questions about CGI Inc. Class A Subordinate Voting Shares (TSXC: GIB.A:CC).
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