CACI Awarded $48.5 Million Contract to Support U.S. Navy Submarine Missile Program
Company to Support Targeting Software for Ballistic and Cruise Missiles
Arlington, Va., October 15, 2002 — CACI International Inc (NYSE:CAI) announced today that it has been awarded a $48.5 million contract with the Naval Surface Warfare Center (NSWC) Dahlgren Division in Dahlgren, Virginia, to provide technical and engineering services to the Submarine Launched Ballistic Missile (SLBM) program. CACI will provide software testing and related support for TRIDENT submarine fire control systems. The seven-year recompete award expands both the scope and value of the work CACI performs for NSWC Dahlgren, and increases the company's engineering and logistics business with the U.S. Navy.
Effective fire control software is critical to ensuring the precision targeting of missiles. NSWC Dahlgren, the Navy's premier weapon system research and development center, supports the TRIDENT fire control systems through its K Department, whose mission is to ensure the systems are always ready for a strategic launch. With this new award, K Department also extends its support to the Ship Submersible Guided Nuclear (SSGN) program, which is retrofitting ballistic-missile submarines to carry cruise missiles. This provides a quick-reaction tactical capability that is vital to America's defense requirements.
CACI's services will ensure Navy-developed fire control software is delivered error-free, on time, and ready to support both the ballistic and cruise missile programs. The company's software expertise, years of SLBM experience, and veteran SLBM personnel enable it to provide realistic and accurate testing that frees Navy software developers to focus on requirements to sustain current systems and upgrade to new capabilities.
CACI also provides innovative configuration management for SLBM. The company has introduced and tailored to the NSWC environment a software tool which is now used enterprise-wide to support the fire control systems' software life cycle. Moreover, as an organization with software development processes certified at Software Engineering Institute (SEI) Level 3, CACI offers expert assistance for the SLBM program's own move toward SEI Level 3. Organizations rated at SEI Level 3 generally have more successful project deliveries and are rated higher in client satisfaction.
According to Ken Johnson, President of CACI's U.S. Operations, "As the U.S. Naval Surface Warfare Center in Dahlgren upgrades the capabilities of our Navy's submarine missile fire control systems, CACI will continue to provide skilled personnel, innovative methodologies, and proven solutions for mission success. We offer in-depth and uninterrupted support for this key technology component of America's missile program."
CACI Chairman and CEO Dr. J.P. (Jack) London commented, "CACI's award with the U.S. Naval Surface Warfare Center in Dahlgren continues our 20-year legacy of support for the Submarine Launched Ballistic Missile program. It confirms the success of CACI's ongoing philosophy of client-centered support, as well as our ability to leverage information technology expertise and Defense Department experience to provide high-quality solutions for defense needs."
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, particularly in connection with terrorist activities or the response of the government to such activities; 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 U.S. 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 war on terrorism and 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, particularly in connection with (i) competition for task orders under government wide acquisition or General Services Administration contracts, (ii) outsourcing of traditionally governmental functions, and (iii) small business contracting; 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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