CACI Selected for $14.5 Billion Multiple Award Contract With Naval Sea Systems Command
Arlington, Va., May 30, 2001 -- CACI International Inc (NASDAQ:CACI) announced today that it has been selected as one of 21 prime contractors to support the Naval Sea Systems Command (NAVSEA) Professional Support Services multiple award contract. The indefinite delivery/indefinite quantity contract has a ceiling value of $14.5 billion and an initial term of five years with two five-year options. CACI heads a team of 18 subcontractors offering comprehensive solutions that range from legacy expertise in logistics and engineering to newer, web-based technologies. The award positions CACI to expand its role as a premier provider to the Navy, continually evolving solutions that both meet client needs and support company growth goals.
NAVSEA and its related Program Executive Offices and worldwide field activities engineer, build, and support Navy ships and weapons systems. Under the NAVSEA contract, CACI will support this mission with solutions for engineering, logistics, and program and financial management services.
CACI offerings include its proven Readiness Based Sparing methodology for achieving operational readiness, documented as already having saved the Navy more than $250 million in cost avoidance. CACI program management expertise will implement demonstrated, repeatable processes that optimize performance, reducing costs while sustaining quality. The company's approach to financial management includes e-Business solutions that will help NAVSEA conduct business over the Internet, applying web-based systems and technologies that save resources and increase efficiency.
According to Ken Johnson, CACI's President of U.S. Operations, "CACI offers the Naval Sea Systems Command a balanced technical team that can deliver proven solutions across a wide range of functional areas. We combine core engineering and logistics expertise, honed over more than 30 years of Navy support, with extensive program and financial management capabilities. The result will build on best practices and continuous improvement throughout NAVSEA — and all while reducing costs."
"CACI is pleased to be one of the 21 members of the contractor community serving the Naval Sea Systems Command through this comprehensive and long-term contract with a potential $14.5 billion value," stated CACI Chairman and CEO Dr. J.P. (Jack) London. "Our team is attuned to the NAVSEA mission and their goal to maintain the U.S. Navy as the best in the world. Our evolving offerings will support this mission today and in the future. We see this contract as an outstanding opportunity to expand our partnership with the Navy and provide a firm foundation for continuing business growth."
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; 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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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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