CACI Awarded $21 Million Subcontract With Sverdrup to Support Air Force Air Armament Center
Company to Provide Engineering and Acquisition Support for Weapon Systems
Arlington, Va., May 21, 2001 -- CACI International Inc (NASDAQ:CACI) announced today that it has been awarded a $21 million contract by Sverdrup Technology, Inc., of Tullahoma, Tennessee, to support the Technical and Engineering Acquisition Support (TEAS) contract for the Air Force Air Armament Center at Eglin Air Force Base in Florida. With two base years and three option years, the subcontract gives CACI a key role in helping to develop, test, and field tactical weapon systems for the Air Force. The award expands CACI's partnership with the Air Force and furthers the growth of its business within the military intelligence community.
CACI's role on TEAS is to deliver engineering services for a broad range of air-launched weapon systems, including systems in the areas of electronic warfare and C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). CACI support will include weapon system development, testing, and evaluation, through acquisition and sustainment in the field.
Specific CACI tasks could include establishing guidance and control algorithms for air-to-air and air-to-ground missile systems; simulating aircraft weapons launching to evaluate performance without costly field testing; and developing processes and systems that help air operations centers better monitor and control weapons and communicate with forces in the field. The company will also provide advisory services to represent the Air Force in monitoring the performance of weapons manufacturers for adherence to design specifications.
"CACI offers comprehensive, cost-effective support for Air Force weapon systems," said Ken Johnson, CACI's President of U.S. Operations. "Our engineers understand the nature of today's battlespace and the challenges that must be overcome to succeed in that environment. We combine this with extensive technical expertise to assure the Air Armament Center of high-quality weapon systems support."
"CACI is pleased to receive this subcontract with Sverdrup Technology, Inc." said CACI Chairman and CEO Dr. J.P. (Jack) London. "The Technical and Engineering Acquisition Support program gives us a great opportunity to sustain our ongoing business with the Air Armament Center. We will continue our support of improved weapons technology at optimal cost and help the Air Force achieve its goal of maintaining America's global air superiority."
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 5,000 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 in the United States; 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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