Monitor CGI's next quarterly filing for revenue contribution from this contract and any additional modifications or task orders under the same vehicle, which would indicate further expansion of the passport processing relationship.
Price Chart
Executive Summary
CGI Federal Inc., a subsidiary of CGI Inc. (GIB), received a $95 million contract modification from the Department of State to provide passport processing support at 27 locations nationwide. This is a large, sole-source modification to an existing contract, signaling strong agency trust and recurring revenue visibility, though the company's annual revenue is not available to assess materiality as a percentage.
Key Financial Metrics
Key Facts
- CGI Federal Inc. received a $95,028,625.4 contract modification from the Department of State
- The modification covers comprehensive onsite management, administration, and processing support at 3 passport centers and 24 passport agencies nationwide
- Both initial and renewal passport applications are processed under this contract
- This is a modification (P00020) to an existing contract (19AQMM24C0062), indicating an ongoing relationship
Financial Impact
$95 million modification to an existing Department of State contract
Risk Factors
- Government funding risk from potential continuing resolutions or budget cuts
- Execution risk in managing 27 passport processing locations simultaneously
- Political/regulatory changes affecting passport application volumes or outsourcing policies
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-19AQMM24C0062 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 29, 2026 28d ago | GOVT-CONTRACT | $68.03 $69.00 | ▲ +1.43% | ▼ −0.49% | $79.63 (+17.05%) |
Sep 23, 2026 4w ago | Press Release | $69.13 $68.03 | ▼ −1.59% | ▼ −0.92% | $79.63 (+15.19%) |
Sep 1, 2026 8w ago | GOVT-CONTRACT | $72.85 $69.06 | ▼ −5.20% | ▼ −4.24% | $79.63 (+9.31%) |
Aug 31, 2026 8w ago | GOVT-CONTRACT | $73.72 $68.85 | ▼ −6.61% | ▼ −6.69% | $79.63 (+8.02%) |
Aug 5, 2026 11w ago | GOVT-CONTRACT | $74.17 $74.76 | ▲ +0.80% | ▼ −0.42% | $79.63 (+7.36%) |
Jul 29, 2026 12w ago | 6-K | $74.50 $72.61 | ▼ −2.54% | ▼ −8.07% | $79.63 (+6.89%) |
Jul 27, 2026 13w ago | Court Ruling | $71.40 $74.41 | ▲ +4.22% | ▲ +0.10% | $79.63 (+11.53%) |
May 12, 2026 24w ago | 6-K | $63.19 $65.08 | ▲ +2.99% | ▲ +2.91% | $79.63 (+26.02%) |
Apr 29, 2026 25w ago | 6-K | $65.46 $66.54 | ▲ +1.65% | ▼ −1.46% | $79.63 (+21.65%) |
US Market Status
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