CACI Awarded $24 Million Contract with Naval Research Laboratory to Support Electronic Warfare Countermeasure Systems
Company to Research and Develop Decoy Systems to Protect Naval Aircraft
Arlington, Va., June 3, 2002 — CACI International Inc (NASDAQ:CACI) announced today that it has been awarded a $24 million contract with the U.S. Naval Research Laboratory (NRL), Washington, D.C. to support the Offboard Countermeasures branch of NRL's Tactical Electronic Warfare Division. CACI's role is to research, develop, test, and analyze Navy electronic warfare (EW) capabilities designed to counter and decoy missile and related threats to U.S. tactical aircraft. The contract, with a duration of one base year and four option years, is the second major award the company has won with the NRL this year; in January, CACI announced an $11.3 million award with the Central Target Simulator branch of the Tactical Electronic Warfare Division. The award represents a significant expansion of CACI's current support for the Offboard Countermeasures branch and underscores the company's continuing growth of its intelligence business.
The NRL is the Navy's lead laboratory for tactical EW research and development. For this contract, CACI engineers will work on-site at NRL to provide fabrication and engineering services in support of Navy requirements for offboard countermeasure systems. These systems include decoys to deceive anti-air missiles and unmanned air vehicles (UAVs) that are used for a multitude of missions, including EW. CACI's long-term experience with NRL and demonstrated EW expertise will help improve the design of countermeasures and the techniques used to deploy them, and will enhance the Navy's ability to prototype, test, and integrate EW systems.
"Our long-standing partnership with the Naval Research Laboratory was instrumental in our winning this contract," said Ken Johnson, CACI's President of U.S. Operations. "During our years of experience in supporting NRL, we have gained a firm grasp of their environment and its requirements. We offer specialized expertise in providing the technology support the Navy needs to develop effective countermeasures to enemy threats."
CACI's Chairman and CEO, Dr. J.P. (Jack) London, stated, "This award, our second recent major contract announcement with the Naval Research Laboratory, demonstrates CACI's commitment to supporting the security of our armed forces. Our successful expansion of electronic warfare capabilities helps us meet this commitment, and gives added impetus to our growth as a key solutions provider to the Department of Defense and the intelligence community," Dr. London concluded.
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 and/or competition for new business, particularly in connection with competition for award of contracts from the Federal Aviation Administration, the Defense Information Systems Agency and the Navy; 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 fund, particularly in connection with Homeland Security; government contract procurement (such as bid protest) and termination risks; the results of the appeal of CACI International Inc. ASBCA No. 53058; 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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