CACI Awarded $11.3 Million Systems Engineering and Integration Contract with Air Force Materiel Command
Company to Support Expansion of Air Force Equipment Management System
Arlington, Va., August 13, 2002 — CACI International Inc (NASDAQ:CACI) announced today that it has been awarded an estimated $11.3 million contract to provide systems engineering and integration services to the Air Force Materiel Command's Electronic Systems Center (ESC) at Hanscom Air Force Base in Massachusetts. Under the terms of the contract, CACI will continue its support for the ESC Materiel System Group's Air Force Equipment Management System (AFEMS). ESC awarded the contract, which has a six-month base period and four option years, through a new blanket purchase agreement it has with CACI. This agreement, the Information Technology Service Program (ITSP) II, is itself a recently awarded follow-up to CACI's ITSP I agreement. The AFEMS contract expands both the scope and value of CACI's support for the Air Force Materiel Command and increases the company's systems integration line of business with the federal government.
AFEMS is worldwide online system that tracks all types of equipment in Air Force use, storing such data as equipment cost, depreciated value, condition, and location. Hundreds of users access AFEMS on a daily basis, out of a total user population of more than 2,500. The system is also growing significantly ¾ AFEMS was selected to be the standard equipment management system for the Air Force, so its continued development includes the migration and integration of older, "stovepipe" applications to AFEMS in order to consolidate all Air Force equipment data.
CACI is helping the ESC manage AFEMS as it expands by delivering in-depth system knowledge and technical insight. CACI experts participate in testing to ensure the system meets functional user needs, as well as such operational requirements as security, response time, and ease of use. CACI also analyzes concepts prior to development, saving time and money before implementation, and helps develop new concepts to increase overall capabilities. Recently, CACI assisted the ESC in developing AFEMS report mechanisms to ensure compliance with the Chief Financial Officers Act of 1990, which mandates improved financial accounting. AFEMS thereafter became the first Department of Defense property tracking system to be validated as compliant with this federal statute.
CACI was one of the original developers of AFEMS functional requirements in 1986, before any software was created. This history of support, as well as the company's ability to provide personnel with the required technical and functional skills, was critical in CACI's selection for the new contract. The company's continued services are expected to provide significant time and cost savings to the ESC as AFEMS grows.
According to Ken Johnson, CACI's President of U.S. Operations, "The Electronic Systems Center is expanding the Air Force Equipment Management System to be the system of choice for all Air Force property tracking. CACI is supporting this effort by offering deep functional and technical understanding that will help the ESC manage this growth and meet development goals on time and within cost. We're proud to be part of the AFEMS success story."
CACI Chairman and CEO, Dr. J.P. (Jack) London, stated, "CACI's award with the Air Force Materiel Command's Electronic Systems Center continues our support for Defense Department initiatives that consolidate resources and improve the way government works. CACI offers a full suite of solutions to help federal clients optimize their resources to enhance their ability to meet mission goals."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of defense, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of defense and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI, a member of the Russell 2000 and S&P SmallCap 600 indices, provides dynamic careers for more than 5,500 employees working in 90 offices in the U.S. and Europe. CACI is the IT provider for a networked world. 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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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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