ICF International Awarded $32M Contract to Modernize Homeland Security

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ICF ($NASDAQ:ICFI) International Inc., a global consulting and technology services provider, has been recently awarded a $32 million task order to modernize Homeland Security. The project seeks to address the challenges of incident response, risk assessment, emergency management, and continuity of operations for the Department of Homeland Security (DHS). This is a significant milestone for ICF International Inc., which is determined to provide the highest quality of services for its customers. Based in Fairfax, Virginia, ICF International Inc. serves government, commercial, and nonprofit clients around the world.

It offers a comprehensive range of services and specialized expertise in the areas of energy, environment, and climate change; health and social programs; urban and regional planning; and defense. The company has earned an impressive reputation for its quality services and reliable solutions. With this new task order, ICF International Inc. looks to further demonstrate its commitment to providing the best solutions for its clients.

Stock Price

On Monday, ICF International Inc. (ICF) was awarded a $32 million contract from the Department of Homeland Security (DHS). According to the U.S. Immigration and Customs Enforcement (ICE), the contract is for modernization of the homeland security systems. This includes design, development, testing, and deployment of multiple integrated applications within the DHS system. The contract is for a period of five years and is expected to help ICE strengthen its ability to identify, arrest, and remove individuals who pose a threat to national security. It also seeks to improve the accuracy and efficiency of immigration enforcement operations.

The news of ICF’s award has had an immediate effect on the company’s stock. On Monday, ICF opened at $129.1 and closed at $130.4, up by 0.4% from its previous closing price of 129.9. This marks the company’s third significant contract win this year, and analysts are expecting ICF’s stock to continue performing well in the future. Live Quote…

About the Company

Income Snapshot

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Balance Sheet Snapshot

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Analysis

We at GoodWhale have completed a meticulous analysis of ICF INTERNATIONAL‘s fundamentals. According to our Star Chart, ICF INTERNATIONAL is classified as a ‘gorilla’, indicating that it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. With a high health score of 8/10, considering its cashflows and debt, ICF INTERNATIONAL is capable of paying off debt and funding future operations. Furthermore, the company is strong in dividend and profitability, but medium in growth and weak in asset. This could make ICF INTERNATIONAL an attractive investment for investors who seek long-term stability and above-average returns. Additionally, with its strong competitive advantage, investors who look for secure investments with steady growth may be interested in ICF INTERNATIONAL. More…

Peers

The company has annual revenue of more than $1.5 billion and is headquartered in Fairfax, Virginia. ICF works with government, commercial, and non-profit clients in more than 70 countries. ICF’s main competitors are FTI Consulting Inc, Caldwell Partners International Inc, and Franklin Covey Co.

– FTI Consulting Inc ($NYSE:FCN)

FTI Consulting Inc is a global business advisory firm. The company provides a range of services, including corporate finance, restructuring, economic consulting, and forensic and litigation consulting. FTI Consulting has a market cap of 5.97B as of 2022 and a return on equity of 11.2%. The company has a strong focus on delivering high-quality services to its clients and has a long history of success in doing so.

– Caldwell Partners International Inc ($TSX:CWL)

Caldwell Partners International Inc is a Canadian-based provider of executive search and human capital advisory services with approximately 50 offices across North America, Europe, Asia Pacific and South America. As of December 31, 2019, the Company operated through a network of approximately 1,000 consultants. The Company’s services include executive search, management assessment, succession planning and transition management. The Company offers these services to public and private companies, not-for-profit organizations and venture capital firms.

– Franklin Covey Co ($NYSE:FC)

Franklin Covey Co is a global provider of training and consulting services for organizations and individuals. The company has a market cap of 722.2M as of 2022 and a return on equity of 18.81%. Franklin Covey’s core offerings include training programs on leadership, productivity, time management, and other topics. The company also offers consulting services to help organizations improve their performance.

Summary

ICF International Inc. has recently been awarded a $32 million task order to update Homeland Security. This is a significant investment that will give ICF the opportunity to modernize the systems and capabilities of Homeland Security. The investment will allow ICF to make advancements in technology, security, and infrastructure.

Additionally, it will create more job opportunities for citizens and provide improved training for those employed in the field. The investment is likely to have a positive impact on ICF’s financials, as well as its overall market position. Overall, this is an excellent opportunity for ICF International Inc. to expand its portfolio and increase its value to shareholders.