Investor Press Release
ICF International Awarded US$22.1 Million Contract with the U.S. Department of Homeland Security
Funded at US$4.1 Million the First Year, ICF Will Provide
Management, Analytical, and Technical Support for Implementing the
National Infrastructure Protection Plan
FAIRFAX, Va.--(BUSINESS WIRE)--March 22, 2007--ICF International (Nasdaq:ICFI) announced today that the U.S. Department of Homeland Security (DHS), Office of Infrastructure Protection, has awarded the firm, through its subsidiary ICF Incorporated, L.L.C., the National Infrastructure Protection Plan, Program Management Office (NIPP PMO) contract valued at US$22.1 million over five years and funded at $4.1 million for the first year. This work builds upon the work ICF has been doing with the NIPP PMO for the past three years. Under the contract, ICF will provide management, analytical, and technical consulting to help ensure that federal resources are applied where they offer the most benefit for mitigating risk by lowering vulnerabilities, deterring threats, and minimizing the consequences of terrorist attacks and other incidents across the nation's 17 critical infrastructure and key resources sectors.
"ICF is proud to have supported the NIPP program since its inception in January 2004 and is honored to continue this effort," said Anita Tallarico, an ICF senior vice president and recognized leader in emergency management and homeland security. "We helped DHS develop the concept for the NIPP risk management framework, prepare the outline and structure for the NIPP, and draft the first guidance for the Sector-Specific Plans (SSP). We also supported each sector in developing its SSP. This experience provides us with unique insights to support the successful implementation of the NIPP and the SSPs over the next five years."
The NIPP provides the unifying structure for the integration of critical infrastructure and key resources protection into a single national program and provides an overall framework for programs and activities that are currently underway in the various sectors, as well as new and developing protection efforts. This collaborative effort between the private and public sectors will result in the prioritization of protection initiatives and investments across sectors. ICF's role will include providing on-site support of policy development and implementation, subject matter expertise to 17 critical infrastructure and key resources sectors, outreach and engagement activities, program management support, and document production.
ICF International (Nasdaq:ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 2,000 employees serve these clients worldwide. ICF's Web site is http://www.icfi.com.
This document may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995--that is, statements related to future--not past--events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "guidance," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "seek," "should," "will," "would," or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company's future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company's contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company's filings with the Securities and Exchange Commission. These uncertainties may cause ICF's actual future results to be materially different than those expressed in the Company's forward-looking statements. ICF does not undertake to update its forward-looking statements.
CONTACT: ICF International
Stacey Hohenberg, 703-218-2504
SOURCE: ICF International