CACI Awarded $50 Million Prime Contract to Support U.S. Army RDECOM CERDEC Night...
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CACI Awarded $50 Million Prime Contract to Support U.S. Army RDECOM CERDEC
Night Vision and Electronic Sensors Directorate
Continuing Work Helps Enhance Warfighter Acquisition Capabilities Under
Adverse Conditions
ARLINGTON, Va., Sept. 9 /PRNewswire-FirstCall/ -- CACI International Inc
(NYSE: CACI) announced today that it has been awarded a $50 million prime
contract to support the Infrared Focal Plane Array (FPA) Technology (IFT)
branch of the U.S. Army's Research Development and Engineering Command
(RDECOM) Communications-Electronics Research Development and Engineering
Center (CERDEC) Night Vision and Electronic Sensors Directorate (NVESD). CACI
received the three-year award (one base year and two option years) under its
Strategic Services Sourcing (S3) contract with the Army. This new award
increases both the size and scope of CACI's work with NVESD and strengthens
CACI's functional core competency in C4ISR (command, control, communications,
computers, intelligence, surveillance, and reconnaissance).
NVESD provides the Army with research and development of advanced night vision
and other sensor technologies, such as infrared weapon sights, surveillance
systems, and systems that enhance the soldier's ability to operate at night
and during limited visibility conditions. CACI brings extensive technical and
management expertise to support the IFT branch mission, with ongoing work
first initiated in 2003.
With this contract, CACI will help advance NVESD's infrared focal plane
technology to enhance warfighter target acquisition and identification
capabilities, which will help service members on land, at sea, and in the air
to see better in all day and night environmental conditions. The company also
provides technical support to NVESD for concept development, systems
development, and systems integration and testing. In continuing its NVESD
support role, CACI ensures uninterrupted services delivered by a team with
in-depth knowledge of, and familiarity with, NVESD's technical and mission
requirements.
According to Bill Fairl, President of U.S. Operations, "We are very pleased
with this award as it demonstrates Night Vision and Electronic Sensors
Directorate's sustained confidence in CACI's ability to strategically assemble
proven teams to develop essential technology. This contract provides the
opportunity to continue to grow a part of our business with which we have had
long-term success."
CACI President and CEO Paul Cofoni said, "Helping warfighters perform their
missions at peak efficiency is always a top priority in countering global
terrorism. We're thankful that this continuing work with the NVESD under the
Army's Strategic Services Sourcing contract helps advance that critical
objective while meshing so precisely with CACI's core business structure."
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
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