The Canada Border Services Agency awarded IBM Canada Limited two software contracts worth $11.5 million combined, according to federal proactive disclosure records.
What the contract covers
The Canada Border Services Agency awarded IBM Canada Limited two contracts totaling $11.5 million on September 9, 2026, according to Government of Canada proactive disclosure records.
Both contracts covered application software, including commercial off-the-shelf software, as well as application development and delivery, listed under commodity category G.
IBM's federal awards
One contract was valued at $6.5 million, awarded through a TN solicitation procedure with 1 bid received.
The second contract was valued at $5.0 million, also awarded through a TN solicitation procedure with 1 bid received.
Share price context
IBM shares closed the week of August 20, 2026 at $34.47.
Over the preceding 52 weeks, IBM's weekly closing price ranged from a high of $46.03 to a low of $30.54.
