CGI Subsidiary Reveals 2-year, $378M Extension Of Its Contract With US Department Of State For End-to-end Passport Application Processing Services
Portfolio Pulse from Benzinga Newsdesk
CGI's subsidiary has secured a 2-year, $378 million extension of its contract with the US Department of State for end-to-end passport application processing services. This extension will allow CGI to continue delivering process efficiencies and customer service improvements.
August 06, 2024 | 10:46 am
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CGI's subsidiary has secured a 2-year, $378 million extension of its contract with the US Department of State for end-to-end passport application processing services. This extension will allow CGI to continue delivering process efficiencies and customer service improvements.
The contract extension with the US Department of State is a significant revenue stream for CGI, ensuring continued business and potential for further growth. This positive development is likely to boost investor confidence and positively impact the stock price in the short term.
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