Friday, provider of information technology and business process services CGI Group Inc. (GIB), said it signed a 3-year, US$40 million, support contract with the State of Louisiana, Division of Administration, Office of Community Development/Disaster Recovery Unit, or OCD/DRU.
The Montreal, Canada-based company stated that it has been chosen by OCD/DRU to provide application maintenance, user support, data warehouse services and reporting, as well as disaster recovery and continuity of operations planning to support Louisiana's ongoing Road Home Program.
CGI said the program, which is the largest single housing recovery program in U.S. history, was established in the wake of Hurricanes Katrina and Rita to extend financial help to property owners.
CGI team includes Sparkhound and Blue Streak Technologies as local Baton Rouge based partners.
GIB is currently trading at $8.57, down $0.03 or 0.35% on the NYSE.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.