CACI Awarded $34 Million Contract With Navy to Provide Automated Logistics Support and Training
Arlington, Va., November 15, 2000 -- CACI International Inc (NASDAQ:CACI) announced today that it has been awarded a $34 million prime contract with the Naval Supply Systems Command (NAVSUP) to provide Fleet Assistance and Shipboard Training (FAST) services in automated supply management support for NAVSUP and designated U.S. Navy and Marine Corps forces both at sea and on shore. The contract was awarded for one base year with three one-year option periods, and work will be performed primarily in Norfolk, Virginia; San Diego, California; and Cherry Point, North Carolina, with additional support to various sites in Hawaii and Japan. The contract continues CACI's legacy as a key provider of logistics and engineering solutions to the Navy.
Automated supply management systems support Navy operational readiness goals by helping to ensure that inventory and spare parts are available whenever and wherever needed, within budget. In more than 13 years of FAST experience, CACI has supported all legacy and new Navy automated supply management systems and helped implement low-risk innovations without jeopardizing quality support for legacy systems. In the past four years alone, CACI FAST support has delivered more than $600 million in inventory cost savings.
CACI also offers NAVSUP new skills and tools for FAST support, including a web-based integrated data environment (IDE) for program-wide knowledge management, and evaluation of policies and procedures associated with relevant emerging technologies. The company offers demonstrated technical expertise in the databases that track and manage supply materials as well as the functional and financial management processes NAVSUP applies in the supply support environment.
"CACI offers the Naval Supply Systems Command and the Fleet uninterrupted automated supply support, with solutions that enable the Navy to sustain optimum readiness levels despite high operational demands and reduced support budgets and resources," stated CACI, Inc. President Ken Johnson. "The benefits are readily implementable, value-added solutions that meet Navy readiness goals and deliver significant cost savings at minimal program risk."
According to CACI Chairman and CEO Dr. J.P. (Jack) London, "Our new FAST award is a strong endorsement from our clients at the Naval Supply Systems Command and in the Fleet for continuing CACI's legacy of superior Fleet support. The logistics and engineering solutions we provide through the FAST contract assure the Navy of improved productivity and service quality for sustained future success in the evolving supply system of the 21st century. CACI's logistics and engineering work is a core line of business that we continue to maintain as a vital foundational element for our sustained growth and expansion."
CACI International Inc, a member of the Russell 2000 and S&P SmallCap 600 indices, is a worldwide leader in information technology, e-Business, and networld solutions. Founded on simulation technology in 1962, the company has evolved a diverse solutions portfolio for today's net economy. From across the technology spectrum, CACI integrates the networks, systems, and software for telecommunications, e-Commerce, information assurance, and all forms of information management. CACI centers of excellence are unique in the industry, offering "try-before-buy" solutions so clients save time and resources. With approximately 4,800 employees and more than 90 offices in the U.S. and Europe, CACI meets complex client challenges with comprehensive, reliable solutions. 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; changes in interest rates; 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 in the event of a priority need for funds; government contract procurement (such as bid protest) and termination risks; 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; and other risks described in the Company's Securities and Exchange Commission filings.
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For investor information contact:
David Dragics
Director, Investor Relations
(703) 841-7835
ddragics@caci.com
For other information contact:
Jody Brown
Vice President, Public Relations
(703) 841-7801
jbrown@caci.com
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