CACI Awarded $20 Million Subcontract to Provide Logistics and Engineering Support for Naval Combat Ships
Arlington, Va., June 25, 2001 -- CACI International Inc (NASDAQ:CACI) announced today that it has been awarded a $20 million subcontract by Anteon Corporation, in Fairfax, Virginia, to support the U.S. Navy's Program Executive Office-Theater Surface Combatants (PEO TSC) in providing logistics and engineering support to the Navy's fleet of combat ships. Under the terms of the contract, CACI will support AEGIS-class cruisers, guided missile frigates, and all surface combat destroyers from the time they are introduced into the Fleet until the time they are "mothballed" or retired. The award, with a duration of one base year and four option years, continues CACI's commitment to naval logistics and engineering and reaffirms this line of business as a key foundational element in the company's strategic growth plans.
The objective of the PEO TSC contract is to ensure the operational readiness of all Naval surface warships and combat weapon systems. This is accomplished by analyzing data from a variety of highly sophisticated logistics and configuration databases, as well as from direct interaction with all levels of personnel and organizations, ranging from ships' crews to commanding officers, admirals and their staffs, and shipyards and builders.
CACI's comprehensive logistics and engineering expertise provides the depth and breadth of support necessary to help the PEO TSC complete its mission. CACI logisticians and engineers offer in-depth familiarity with the Navy, its weapon and logistics systems, and the personnel that support them, to deliver complete lifecycle support. CACI solutions are intended to save money, enhance Fleet readiness, and ensure the ability of battle groups to communicate with each other and coordinate activities.
According to CACI's President of U.S. Operations, Ken Johnson, "CACI offers a team of highly trained personnel, some of whom have provided more than 20 years of continuous support to PEO TSC and its predecessor program offices. Our expertise will help PEO TSC fulfill its mission of skillfully planning and executing the integrated logistics programs that are critical to today's Navy combat ships."
CACI Chairman and CEO Dr. J.P. (Jack) London stated, "The Program Executive Office-Theater Surface Combatants logistics and engineering award continues CACI's long-standing partnership with the Navy and maintains our focus on Defense Department support. Our ability to evolve solutions to meet growing defense needs sustains our Defense Department business and propels our company's growth."
Anteon Corporation, headquartered in Fairfax, Virginia, is a leading information technology and engineering solutions company providing support to the federal government, commercial, and international sectors for 25 years. With annual revenue approaching $700 million, the Company has approximately 5,000 employees in over 80 offices worldwide. Anteon has been acknowledged as a top information technology integrator by a survey of federal agency customers conducted by Federal Computer Week and by numerous other independent sources. Anteon Corporation is a privately held firm owned principally by affiliates of Caxton-Iseman Capital. For more information, visit www.anteon.com.
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;; 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, including the possible discontinuance of the U.S. Government's Tobacco litigation; 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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