ICF International Awarded New $32.8 Million Contract with U.S. Department of Education
Fairfax, Virginia, January 11, 2012 -
ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has been awarded a new contract by the U.S. Department of Education, Institute of Education Sciences (IES) to operate the Regional Education Laboratory (REL) Mid-Atlantic. In addition, ICF has been named to lead the Coordinating Entity for the REL program. The combined contract has a value of $32.8 million and a term of five years.
Under the contract, ICF will provide assessment of regional needs and services, maintenance and refinement of research alliances, analytic technical support, applied research and evaluation studies, general management and reporting, and coordinated support for all 10 REL entities throughout the United States. ICF initially will focus on assisting the Department of Education in improving practice through rigorous research in the areas of dropout prevention, teacher effectiveness, rural education, and early childhood education. As the Coordinating Entity for the REL program, ICF will play a central role in facilitating cross-regional efforts between RELs, developing standardized stakeholder feedback tools, and providing RELs with an intranet for interaction and peer exchange.
“We look forward to supporting the IES mission to provide rigorous and relevant evidence on which to ground education practice and policy and to share this information broadly,” said Maureen Murphy, senior vice president for ICF International. “By identifying what works, what doesn't, and why, our efforts are aimed at improving educational outcomes for all students, particularly those at risk of failure."
For more information:
About ICF International
ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy, environment, and transportation; health, education, and social programs; and homeland security and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program lifecycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 4,000 employees serve these clients worldwide. ICF's website is http://www.icfi.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.