The Wexford Group International, a CACI Company, Awarded Prime Position on $494 Million,...
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The Wexford Group International, a CACI Company, Awarded Prime Position on
$494 Million, Multiple-Award Contract to Support Joint Improvised Explosive
Device Defeat Organization
Ongoing Work Expands Capabilities in Integrated Security and Intelligence
Solutions
ARLINGTON, Va., Aug. 27 /PRNewswire-FirstCall/ -- The Wexford Group
International, a wholly owned company of CACI International Inc (NYSE: CACI),
announced today that the company has been awarded a five-year prime contract
to continue its support for the Joint Improvised Explosive Device Defeat
Organization (JIEDDO). This is one of five awards for this indefinite
delivery/indefinite quantity contract, which has a ceiling value of
approximately $494 million. The contract expands the company's existing
business with JIEDDO and enhances CACI's position as one of the premier
counter-IED companies in the world. The award strengthens CACI's functional
core competency in integrated security and intelligence solutions and
leverages Wexford as a centerpiece of that core competency.
JIEDDO leads the Department of Defense efforts in countering improvised
explosive devices (IEDs), via a three-pronged strategy for defeating IEDs:
attack the network, defeat the device, and train the force. JIEDDO integrates
DoD's efforts with all Combatant Commands, the Armed Services, the
Intelligence Community, interagency organizations, and public, private and
international partners.
With this contract, CACI-Wexford, Inc. will support JIEDDO with strategic
planning, operational and training support, intelligence analysis, program
management support, and strategic communications. The company's ability to
deliver expert training, assessment, and analysis helps assure mission goals
are met successfully, effectively, and on time. Wexford has been working with
JIEDDO and its predecessors since November 2003.
Bill Fairl, CACI President of U.S. Operations, said, "This work with the Joint
Improvised Explosive Device Defeat Organization offers CACI an exceptional
opportunity to continue our significant support for this critically important
Department of Defense organization. We're extremely proud of our employees who
help JIEDDO accomplish its mission of defeating threats to our nation's
service members serving in harm's way."
According to Paul Cofoni, CACI President and Chief Executive Officer, "We are
very pleased that the Wexford Group International can, once again, make a
vital contribution to helping JIEDDO safeguard our warfighters. This is a
significant contract that further solidifies CACI's government partnership
through which we provide high-quality, leading edge services in support of the
nation's defense."
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; cyber security, information assurance, and information operations;
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 and the Russell 2000 index. CACI provides dynamic careers for
approximately 12,500 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 www.caci.com and www.asymmetricthreat.net.
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 a
prolonged recession; terrorist activities or war; changes in interest rates;
currency fluctuations; significant fluctuations in the equity markets; 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; or an
economic stimulus package; government contract procurement (such as bid
protest, small business set asides, loss of work due to organizational
conflicts of interest, 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; the results of
government audit and reviews conducted by the Defense Contract Audit Agency or
other governmental entities with cognizant oversight; 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); market speculation regarding
our continued independence; 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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