CACI Awarded Follow-on Intelligence and Information Warfare Contract to Support U.S. Army
Company Continues Support for $450 Million Program for Army Communications-Electronics Research, Development and Engineering Center
Arlington, VA, January 17, 2006 - CACI International Inc (NYSE:CAI) announced today that it has been awarded an indefinite delivery/indefinite quantity order contract to support the Engineering, Technical and Operations Support Services (ETOSS) program for the U.S. Army's Communications-Electronics Research, Development and Engineering Center (CERDEC) Intelligence and Information Warfare Directorate (I2WD). CACI is one of two companies awarded the ETOSS contract, which has a ceiling value of $450 million. Under the terms of the five-year-base vehicle, CACI will deliver scientific and engineering support to meet I2WD objectives of modernizing Army intelligence and information systems and capabilities. The award continues CACI's growth in the intelligence community, a strategic area of focus for the company.
ETOSS is a follow-on to the Technical, Engineering, Fabrication and Operations Support (TEFOS) contract that CACI has held since 2000. CACI received task order awards totaling more than $498 million under TEFOS. The ETOSS award continues more than 18 years of CACI support for I2WD.
CACI's selection assures the Army of proven expertise and uninterrupted support for systems and solutions vital to the Army's role in the global war on terrorism and the service's evolution toward more agile, versatile, and rapidly deployable forces. CACI's work will include researching, prototyping, and developing systems for improved intelligence collection through the use of networked arrays of sensors. The company will support electronic combat capabilities to counter both conventional and new "cyber" weapons, as well as information warfare systems capable of both mounting offensive operations and protecting defense and national systems. CACI's offerings will be available to all I2WD divisions.
According to CACI President of U.S. Operations Paul Cofoni, "CACI solutions for the U.S. Army supply the critical link from concepts and enabling technologies to mission-critical warfighter capabilities. Our team of experts brings an unparalleled understanding of the client's technical needs and environment, and our offerings have been proven successful time and again in this critical arena."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "CACI's award of the Engineering, Technical and Operations Support Services contract strengthens our presence in the intelligence community and sustains our partnership with the U.S. Army's Communications-Electronics Research, Development and Engineering Center. Our selection to continue this important service further demonstrates CACI's commitment to supporting the highest priorities in America's homeland security and national defense."
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 1000 and S&P SmallCap 600 indices, provides dynamic careers for approximately 9,500 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, 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) expensing of stock options; 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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