CACI Awarded $238 Million in Contracts to Support National Security and Intelligence
January 27, 2011
Company's Intelligence Business Continues to Grow and Diversify
ARLINGTON, Va. - (BUSINESS WIRE) -- CACI International Inc (NYSE:CACI) announced today that it has been awarded approximately $238 million in previously unannounced contracts to support major operational components and critical support elements for both defense and federal civilian sectors in the Intelligence Community (IC). For these awards, CACI is delivering a wide range of talent and tailored technology that bolster its clients' ability to accomplish vital national security missions. Approximately $165 million of these awards were made in CACI's second fiscal quarter, ending December 31, 2010, with the remainder coming in the quarter ending September 30, 2010.
CACI's multi-decade experience in the IC has provided it with an acute understanding of classified environments and missions, as well as a set of values that mirror those of its intelligence clients. These recent awards underscore CACI's reputation as a contractor that provides extensive and highly valued solutions rapidly, globally, and across all intelligence disciplines. The awards involve performance of or support to the IC's fundamental intelligence tasks of collection, analysis, and knowledge management in both the foreign intelligence and counterintelligence domains.
According to Bill Fairl, CACI's President of U.S. Operations, "Simply put, intelligence work is a CACI core competency. Over 40 percent of CACI's revenue year-to-date is derived from the intelligence support it provides at the tactical, operational, and strategic levels. We are capable of delivering end-to-end analytic and operational support capabilities — from point of collection to product delivery. We are equally capable of providing specialized niche capabilities or general augmentation, integrating rapidly and efficiently."
CACI President and CEO Paul Cofoni said, "The size and mix of CACI's intelligence business affords its intelligence personnel expansive training and career development opportunities, resulting in a stable, productive, and ‘right-skilled' workforce with mastery of intelligence technologies and tradecraft. We have a proven capacity for delivering quality intelligence services, solutions, and products for time-sensitive requirements in the most demanding environments. We are proud of our record of performance on the nation's first line of defense."
CACI provides professional services and IT solutions needed to prevail in the areas of defense, intelligence, homeland security, and IT modernization and government transformation. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR solutions; cyber solutions; 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. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 13,500 employees working in over 120 offices in the U.S. and Europe. 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; changes in our effective tax rate; valuation of contingent consideration in connection with business combinations; 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; the insourcing of contractor positions by the government; 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, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; the ability to integrate the operations of our recent acquisitions; 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.
CACI International Inc
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