CACI Reports Increased Growth in Intelligence Business
$29 Million in Contracts Resulting from QuesTech, Inc. Acquisition
Arlington, Va., March 15, 1999 -- CACI International Inc (NASDAQ: CACI) announced today it has received funded orders and new contract awards totaling nearly $29 million, since the beginning of November 1998, from its acquisition of QuesTech, Inc. All of this new business has been recorded since the completion of CACI’s due diligence on the former QuesTech, Inc., and will be performed for the defense and national security community. The majority of this new work extends into 2002 and 2003.
New services and solutions added to CACI’s portfolio as a result of the acquisition include signal and information processing and analysis, program management and logistics services, electronic and information warfare design and analysis, information assurance solutions in support of Critical Infrastructure Protection (CIP), computer software and systems integration and industrial analysis. These services are targeted toward organizations, both government and commercial, with extensive networks and global communications requiring enterprise-wide security.
Ron Ross, CACI President and Chief Operating Officer commented that "the addition of the former Questech’s intelligence and information warfare capabilities and a strong client base to CACI’s existing operations has been extremely positive. We have successfully integrated QuesTech’s business development program and operations into ours, providing us with unique capabilities that differentiate us within the markets we serve. I am particularly pleased with the combined strength of our communications, information assurance, and information warfare capabilities. These are tremendous leading-edge distinctions we are incorporating into our bids and proposals going forward."
Dr. J. P. (Jack) London, CACI’s Chairman and Chief Executive Officer, said, "We are accomplishing key strategic objectives resulting from our combined solutions. We have broadened our client base and obtained significant new business, including the five-year, multi-million dollar Department of Defense contract announced on March 8, 1999. Our focus on the rapid development of Critical Infrastructure Protection solutions is perfectly matched to market demand. I believe we have anticipated the market shift once again."
The company also indicated that it is continuing to review potential acquisition opportunities in the federal IT market. "We have a team of people within our organization with proven experience gained from all aspects of our acquisition activity since 1993. This has resulted in a series of successful acquisitions of increasing size and scope," said Dr. London. "Armed with this expertise, we are continuing to execute the part of our growth strategy based on acquiring companies that not only expand our current markets but open new ones as well."
CACI International Inc (http://www.caci.com) is an information technology products and services provider specializing in developing and integrating systems, software, and simulation products and providing information assurance services to government agencies and commercial enterprises worldwide. Celebrating 37 years in business, the company has approximately 4,200 employees and operates out of approximately 92 offices in the U.S. and Europe. In March 1998, CACI was named the highest-ranking systems integrator in an FCW Government Technology Group, Inc. report on competitiveness in the federal IT marketplace.
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For investor information contact:
David Dragics
Investor Relations Director
(703) 841-3710
ddragics@caci.com
For other information contact:
Jody Brown
Public Relations Director
(703) 841-7801
jbrown@caci.com
Note: Several comments set forth represent forward-looking statements. These statements are subject to important factors that could cause actual results to differ materially from the statements made today. The factors which could cause a material difference in results include, but are not limited to the following: regional and national economic conditions; changes in interest rates; changes in federal spending policies and/or decisions concerning specific programs; the individual business decisions of our customers and clients; developments in technology; competitive factors and pricing pressures; the Year 2000 issue; our ability to achieve the objectives of our business plans; and changes in laws or regulations.
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