CACI Awarded $68 Million Subcontract With ACS to Provide Software Support for Defense Payroll Services
Company to Maintain and Modernize Payroll System for Military Retirees and Annuitants
Arlington, Va., December 18, 2001 — CACI International Inc (NASDAQ:CACI) announced today that it has been awarded a 10-year, estimated $68 million subcontract by ACS, Inc., of Dallas, Texas, to support Defense Finance and Accounting Service (DFAS) payroll services for military retirees and annuitants. Together, the contractors will support DFAS in modernizing operations to improve operational efficiency and lower costs. The award also continues CACI's expansion of its systems integration support for the Department of Defense (DoD).
The DFAS contract outsources the maintenance and delivery of payroll services to more than 2.5 million retirees and annuitants per month to the ACS-CACI team. The current payroll operations, now being performed by the government in Cleveland, Ohio and Denver, Colorado, will be fully transitioned by the end of January 2002. ACS and CACI are also now offering the current federal employees the first opportunity to fill vacant positions within their respective companies.
CACI's primary role on the contract is to support ACS in maintaining and modernizing the entire suite of payroll software systems for military retirees and annuitants. The company offers mature software development processes and in-depth expertise that provide assurance this large-scale system will continue to operate effectively. Moreover, the payroll system must keep up with ongoing changes in law and policy, such as those that may occur when Congress passes the annual Defense Authorization Bill or when the President signs a new tax bill into law. To keep payroll software up-to-date, CACI will provide services that range from reviewing new laws and defining requirements to software programming that ensures the new rules and regulations are incorporated into military retiree and annuitant payroll systems.
According to Ken Johnson, CACI's President of U.S. Operations, "CACI offers ACS and the Defense Finance and Accounting Service proven and comprehensive software development processes. We believe these capabilities will provide successful operations and continuous improvement in the DFAS military retiree and annuitant payroll systems — while reducing costs and meeting ongoing changes in federal law."
"CACI is proud to join the ACS DFAS team," stated CACI Chairman and CEO Dr. J.P. (Jack) London. "We offer our expertise in systems integration and financial management systems to support Defense goals for efficiency and modernization. This contract is an outstanding opportunity to establish a relationship with ACS, expand our partnership with the Defense Finance and Accounting Service, and provide a firm foundation for continued growth."
CACI International Inc, a member of the Russell 2000 and S&P SmallCap 600 indices, is a worldwide leader in information technology and communications 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, information assurance, intelligence services, 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 5,700 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 the Department of Justice, the Federal Aviation Agency, the Defense Information Systems Agency and others 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, 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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