Dec
5
2006

ICF International Receives Second Task Order Valued at US$3.2 Million from the Millennium Challenge Corporation

Task Order Issued Under ICF’s Five-year Contract for Project Development and Management Services, and Environmental and Engineering Consulting

 

 

Fairfax, Virginia, December 5, 2006 -

ICF International (Nasdaq: ICFI) announced today that it received its second task order, valued at US$3.2 million under ICF’s five-year, multiple award, indefinite quantity contract for Project Development and Management Services, and Environmental and Engineering Consulting from the Millennium Challenge Corporation (MCC), the U.S. government-owned corporation responsible for the stewardship of the Millennium Challenge Account (MCA). The MCA was established by the U.S. Government for providing developmental assistance to reduce poverty by significantly increasing the economic growth trajectory of recipient countries. Under the second task order, the ICF team will provide engineering and consulting advisory services during the implementation of two of the projects that make up the compact between the MCC and the government of Armenia: a rural roads rehabilitation project and an irrigated agriculture project.
 
 "We are pleased at the opportunity to work with MCC on this task order, striving to reduce rural poverty in Armenia by improving the country’s agricultural sector," says Sergio Ostria, a senior vice president with ICF. “The program focuses on promoting the sustainable economic growth that in turn reduces poverty through investments in areas such as agriculture, education, private sector development, and capacity building.”

"The ICF team is proud to be a part of such a meaningful program, and we will work diligently to help MCC monitor and evaluate the implementation of these projects," says Walt Palmer, ICF’s program manager of the firm’s IDIQ contract with MCC.

ICF was formerly awarded its first task order, valued at US$897,345 on September 28, 2006. Under the first task order, the ICF team is assisting MCC in overseeing the implementation of a US$40 million north-south gas pipeline rehabilitation project in the Republic of Georgia.

 

 

About ICF International

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 1,800 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.

Caution Concerning Forward-looking Statements

This document may contain “forward-looking statements”—that is, statements related to future—not past—events, plans, and prospects. In this context, forward-looking statements may address matters such as our expected future business and financial performance, and often contain words such as “guidance,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include: risks related to the government contracting industry, including possible changes in government spending priorities; risks related to the Company’s business, including its dependence on contracts with U.S. Federal Government agencies and departments and continued good relations, and being successful in competitive bidding, with those customers; performance by ICF and its subcontractors under a major contract with the State of Louisiana, Office of Community Development; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; strategic actions, including the ability to make acquisitions and the performance and future integration of acquired businesses; risk associated with operations outside the United States; 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.

For Immediate Release

Dr. Douglas Beck
ICF International
+1.703.934.3820

 
 
 

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