CACI Awarded $60 Million in Previously Unannounced Contracts With National Security Clients
Arlington, VA, February 11, 2004 — CACI International Inc (NYSE:CAI) announced today that it has won approximately $60 million in new contracts with national security clients within the federal government. The awards call for CACI to provide technical support in the areas of systems integration, information assurance, and Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR). All of the contracts were awarded in CACI's second fiscal quarter ending December 31, 2003, and are part of the $390 million in awards disclosed in the company's earnings release on January 21, 2004. The scope and value of these awards confirms CACI's successful expansion of its core offerings in national security and intelligence.
CACI is helping U.S. military and government clients around the world counter continuing terrorist threats and meet the increased need for superior intelligence through manpower, training, and equipment. In the area of telecommunications, the company is conducting technical analysis and training on specific types of data on C4ISR systems. With more substantive analyst training and reporting, intelligence professionals can more accurately identify and evaluate enemy activities.
Drawing on its experience in the design and development of enterprise architectures, CACI is also helping national security organizations assess the capabilities and requirements of current systems, and plan for future improvements and functionality. CACI provides technical leadership, testing and verification, and overall program management on enterprise-wide processes as well as integration with key external architecture efforts.
"As we all know, the war on terrorism is far from over," said Ken Johnson, CACI's President of U.S. Operations. "Through these new contracts, we will help our clients in defense and intelligence meet their mission-critical goals for streamlined operations and the enhanced collection and dissemination of critical security information."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "Above all else, CACI is committed to a strong America and well-equipped Armed Forces, and these contract awards demonstrate that commitment at a very high level. These wins strengthen CACI's business growth and increase our capacity to support national security, homeland defense, and intelligence efforts."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of defense, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of defense and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI, a member of the Russell 2000 and S&P SmallCap 600 indices, provides dynamic careers for approximately 7,200 employees working in over 100 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.
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 (an economic downturn in the UK is affecting CACI's UK operations), including conditions that result from terrorist activities or war; 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 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 the appeal of CACI International Inc. ASBCA No. 53058; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees; 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, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or scheduled contracts with the General Services Administration; 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.
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