CACI Awarded $150 Million Contract to Modernize Maintenance Applications for Naval...
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CACI Awarded $150 Million Contract to Modernize Maintenance Applications for
Naval Sea Systems Command
New Work Consolidates 15 Maintenance Contracts for Information Technology
Activities at Naval Facilities Across the Nation
ARLINGTON, Va., Sept. 2 /PRNewswire-FirstCall/ -- CACI International Inc
(NYSE: CAI) announced today that it has been awarded a prime $150 million task
order by the U.S. Navy's Naval Sea Systems Command (NAVSEA) to modernize
maintenance applications used at shipyards and maintenance centers through
information technology (IT) upgrades and software development. The five-year
contract was awarded under the Seaport-e contract vehicle with the goal of
saving infrastructure costs and enhancing the combat readiness and mission
capability of the fleet. The award effectively doubles CACI's current
maintenance legacy work for the Navy and expands the company's development of
its business system solutions functional core competency.
As one of its key mission-critical responsibilities, NAVSEA is charged
with maintaining the Navy's ships and their systems. The work awarded through
this task order will consolidate approximately 15 maintenance contracts for IT
activities at various naval facilities. This provides the Navy with a single
source for modernizing ship maintenance applications, developing new
maintenance technologies and rolling applications out to new locations, and
making the entire maintenance process more efficient and economical.
CACI's business system solutions provide capabilities that address the
full spectrum of requirements in the financial, procurement, human resources,
and supply chain domains. The solutions employ an integrated cross-functional
approach to maximize investments in existing systems, while leveraging the
potential of advanced technologies to implement new, high-payback solutions.
CACI's key offerings include services, consulting, and software integration
that support the full lifecycle of commercial technology implementations from
blueprint through application sustainment.
According to Bill Fairl, CACI's President of U.S. Operations, "We're very
pleased that this new award with the Naval Sea Systems Command dramatically
expands our presence and enhances our 15-year relationship with this valued
client. We're honored that they want to grow our partnership and trust us to
do the right thing in the ship repair and maintenance arena."
Said CACI President and CEO Paul Cofoni, "The U.S. Navy was CACI's very
first military customer, and we have ongoing Navy legacy programs that date
back to the early 1960s. So it's a strong validation of our work that CACI can
play such an integral role in helping the Navy maintain its ships and get them
back to sea, ready to perform their vital missions and help keep our nation
safe."
CACI International Inc provides the professional services and IT solutions
needed to prevail in today's defense, intelligence, homeland security, and
federal civilian government arenas. We deliver enterprise IT and network
services; data, information, and knowledge management services; business
system solutions; logistics and material readiness; C4ISR integration
services; information assurance, information operations, and cyber security
services; integrated security and intelligence solutions; and program
management and SETA support services. CACI services and solutions help our
federal clients provide for national security, improve communications and
collaboration, secure the integrity of information systems and networks,
enhance data collection and analysis, and increase efficiency and mission
effectiveness. We add value to our clients' operations, increase their skills
and capabilities, and enhance their missions. CACI is a member of the Fortune
1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides
dynamic careers for approximately 12,100 employees working in over 120 offices
in the U.S. and Europe. CACI is the IT provider for a networked world. Visit
CACI on the web at http://www.caci.com.
There are statements made herein which do not address historical facts,
and therefore could be interpreted to be forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of 1995. Such
statements are subject to factors that could cause actual results to differ
materially from anticipated results. The factors that could cause actual
results to differ materially from those anticipated include, but are not
limited to, the following: regional and national economic conditions in the
United States and the United Kingdom, including conditions that result from
terrorist activities or war; changes in interest rates; currency fluctuations;
failure to achieve contract awards in connection with recompetes for present
business and/or competition for new business; the risks and uncertainties
associated with client interest in and purchases of new products and/or
services; continued funding of U.S. government or other public sector
projects, based on a change in spending patterns, or in the event of a
priority need for funds, such as homeland security, the war on terrorism or
rebuilding Iraq; government contract procurement (such as bid protest, small
business set asides, etc.) and termination risks; the results of government
investigations into allegations of improper actions related to the provision
of services in support of U.S. military operations in Iraq; individual
business decisions of our clients; paradigm shifts in technology; competitive
factors such as pricing pressures and/or competition to hire and retain
employees (particularly those with security clearances); material changes in
laws or regulations applicable to our businesses, particularly in connection
with (i) government contracts for services, (ii) outsourcing of activities
that have been performed by the government, (iii) competition for task orders
under Government Wide Acquisition Contracts ("GWACs") and/or schedule
contracts with the General Services Administration; and (iv) accounting for
convertible debt instruments; our own ability to achieve the objectives of
near term or long range business plans; and other risks described in the
company's Securities and Exchange Commission filings.
Corporate Communications and Media:
Jody Brown, Executive Vice President, Public Relations
(703) 841-7801, jbrown@caci.com
Investor Relations:
David Dragics, Senior Vice President, Investor Relations
(866) 606-3471, ddragics@caci.com
SOURCE CACI International Inc
Corporate Communications and Media, Jody Brown, Executive Vice President,
Public Relations, +1-703-841-7801, jbrown@caci.com; or Investor Relations,
David Dragics, Senior Vice President, Investor Relations, +1-866-606-3471,
ddragics@caci.com, both of CACI International Inc
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