CACI Awarded $50 Million Subcontract With Northrop Grumman to Support Software Development for Army Communications-Electronics Command
Award Increases CACI's CECOM Presence, Expands Intelligence Services Business
Arlington, Va., March 11, 2002 — CACI International Inc (NASDAQ:CACI) announced today that it has been awarded a subcontract with Northrop Grumman Information Technology, Inc.'s Defense Enterprise Solutions Unit, of McLean, Virginia, to provide software support for the U.S. Army Communications-Electronics Command (CECOM) Software Engineering Center in Ft. Monmouth, New Jersey. The indefinite delivery/indefinite quantity subcontract is for a period of 10 years with an estimated value of $50 million. CACI, which already supports CECOM intelligence and information warfare programs, increases both the scope and value of its CECOM work with this new software development award, and further expands its intelligence services line of business with the Department of Defense.
The CECOM Software Engineering Center provides life-cycle software support for more than 250 intelligence, electronic warfare, and communications systems fielded worldwide by the Army. The objective of the Software Engineering Center contract is to help sustain and upgrade these systems and leverage commercial best practices and technologies into future systems.
CACI already has a 20-year legacy of supporting CECOM, performing such activities as prototyping, testing, and fielding information systems that collect and analyze military intelligence data on the battlefield. Under the new subcontract, CACI will expand this support to the software level, upgrading network and system software to enhance performance and security, integrating emerging new technologies, troubleshooting and debugging software, and providing help desk support. In addition, CACI will provide testing and analysis services to help ensure that systems meet stringent requirements for protecting data before they are fielded.
According to CACI's President of U.S. Operations, Ken Johnson, "CACI is in the Army CECOM community helping to design and field intelligence and information warfare systems. Now we are diversifying into the software development that sustains and enhances these systems once they are fielded. We offer some of the best software practices in the industry, as well as a deep functional understanding of the client's networks and systems, that enables us to be ready from day one to provide rapid, high-quality, cost-effective solutions."
CACI Chairman and CEO Dr. J.P. (Jack) London stated, "With the CECOM Software Engineering Center contract, CACI has a great opportunity to add value to the capabilities of Northrop Grumman and our Army client. We are combining our intelligence expertise and proven software development skills to expand support for some of the Army's most critical networks and systems, whose accuracy and reliability are more vital than ever to carrying out our nation's tactical missions."
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 particularly as they may be affected by terrorist activities; 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, particularly in connection with homeland defense and other responses to recent terrorist activities; 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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