CACI Awarded $132 Million Contract to Provide Engineering Support to U.S. Army Night Vision and Electronic Sensors Directorate
Contract Expands CACI Support for Sensor Technology Requirements
Arlington, VA, October 21, 2003 — CACI International Inc (NYSE:CAI) today announced that it has been awarded an estimated $132 million prime contract by the U.S. Army Communications-Electronics Command supporting the Army's Research, Development and Engineering Command (RDECOM), Communications and Electronics Research, Development and Engineering Center's Night Vision and Electronic Sensors Directorate (NVESD). The contract is for three base years with two 2-year award terms. CACI will provide engineering, modeling and simulation, and other specialized skills in the development and demonstration of night vision and electronic sensor technology. The award increases both the scope and value of CACI's work with RDECOM and expands the company's support for Defense Department needs in command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems.
Located at Fort Belvoir, Virginia, NVESD is a center for the Army's research and development of night vision and other sensor technologies. Since World War II, the technology developed at NVESD has helped US and allied forces engage enemies in day-or-night, any-weather conditions, most recently in Operation Iraqi Freedom. NVESD-developed technologies such as thermal imaging devices, ground-penetrating radar systems, and lasers help warfighters recognize targets and detect potential hazards such as landmines.
CACI's role is to help NVESD explore new technologies in night vision, electronic sensors, countermine, and survivability systems. The company's engineering and simulation expertise will enable NVESD to accurately model, design, and prototype new products based on emerging technologies. CACI also offers skills in scientific research, performance analyses, and other technical areas that will ensure accurate and cost-effective development of a wide range of NVESD capabilities.
"CACI has supported the Night Vision and Electronic Sensors Directorate in various capacities for the past 17 years," explained Ken Johnson, CACI President of U.S. Operations. "We offer the right mix of client knowledge and technical expertise to significantly advance NVESD's mission. Our experience in simulation, engineering, and intelligence will help NVESD support new technologies that will lay the foundation for successful combat missions in the future."
According to Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, "CACI solutions are a good match with the U.S. Army's transformation requirements. We are proud to help develop new technologies that increase the Army's ability to fight smarter, and with greater safety for the troops. This contract is also evidence of the emphasis we place on our leadership role in serving the C4ISR intelligence community. CACI is firmly dedicated to strong American defenses and a safe, secure homeland."
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 approximately 6,900 employees working in over 100 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 and the United Kingdom (an economic downturn in the UK is affecting CACI's UK operations), including conditions that result from terrorist activities or war; failure to achieve contract awards in connection with recompetes for present business 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 or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) 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) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or scheduled contracts with the General Services Administration; 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.
# # #
For investor information contact:
David Dragics
Vice President, Investor Relations
(703) 841-7835
ddragics@caci.com
For other information contact:
Jody Brown
Senior Vice President, Public Relations
(703) 841-7801
jbrown@caci.com
|
NEWSLETTER
|
| Join the GlobalSecurity.org mailing list |
|
|
|
