ICF Secures Major Environmental Consulting Contract in California

The consulting and technology services firm ICF has been awarded a significant new contract valued at $21 million. The agreement focuses on the environmental assessment for the redevelopment of the Diridon Station in San Jose, California. This win adds to a series of substantial project awards the company has announced since the beginning of the year, even as it prepares for upcoming financial disclosures and a planned executive transition.

The $21 million Diridon Station contract is not an isolated success. It follows a pattern of robust business development in early 2026. In January, ICF reported securing a $64 million agreement with the state of Pennsylvania to modernize disaster recovery systems. Furthermore, the company is involved in two European Union projects with a combined value approaching $300 million, alongside a digital transformation initiative in the state of Maryland. This collection of projects underscores a diversified and growing backlog across both public and private sectors.

Details of the San Jose Station Project

Announced yesterday, the California-based contract has an initial term of three years, with a built-in option to extend for an additional two years. ICF’s scope of work will encompass comprehensive environmental review services to support the station's expansion. Key responsibilities will include technical project management, advanced data modeling, and structured stakeholder engagement. The primary objective is to ensure the major transit hub's redevelopment proceeds in full compliance with regulatory standards while mitigating potential delays.

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Leadership and Financial Calendar in Focus

Alongside its operational momentum, ICF is navigating a scheduled change in its leadership team. Chief Financial Officer Barry Broadus is set to retire, with his responsibilities transitioning on March 1, 2026. James Morgan, currently the Chief Operating Officer, will assume the combined roles of COO and CFO. In a related move, Anne Choate has been appointed as the company's new President.

Investors and analysts are now looking ahead to the company’s next major milestone: the release of its fourth-quarter and full-year 2025 financial results. The report is scheduled for publication after the market closes on Thursday, February 26, 2026. Management will host a conference call at 10:30 p.m. Central European Time (4:30 p.m. Eastern Time) that evening to discuss the annual performance and provide perspective on the outlook for its expanding portfolio of infrastructure projects.