CACI Awarded Information Technology Contract to Support Military Health Systems
Company Anticipates $60 Million in Revenue From Multiple-Award, ID/IQ Contract
Arlington, VA, December 23, 2003 — CACI International Inc (NYSE:CAI) today announced that it has been awarded a 10-year Defense Systems Integration, Design, Development, Operations and Maintenance Services (D/SIDDOMS) III contract to provide information technology support for the Military Health System (MHS). CACI anticipates the value of its tasking under this contract will be approximately $60 million. The total value of the multiple-award, indefinite-delivery, indefinite-quantity D/SIDDOMS contract is estimated at $8 billion. The contract will be used by the Department of Defense (DoD) and the Department of Veterans Affairs to issue task orders in support of the IT needs of the vast DoD healthcare community. The award supports all of the company's core areas of expertise as well as its growing presence in the DoD healthcare services market.
D/SIDDOMS covers hundreds of MHS systems, both battlefield and domestic, that store medical information for service members and their families. It includes provisions for maintaining and enhancing current systems, developing new systems, and networking systems for better information sharing.
CACI has significant experience supporting military healthcare clients. Most recently, the company was awarded $60 million to support TRICARE, the program that delivers healthcare services to MHS beneficiaries. CACI also provides IT and related support to the Veterans Affairs' Healthcare Benefits Information Center and the Army Medical Command.
CACI's systems integration and software expertise was also a key factor in the company's award. CACI software development processes are rated at Level 3 of the Software Engineering Institute's Capability Maturity Model, certifying that they meet strict requirements for quality and repeatability. Organizations rated at Level 3 have more successful project deliveries and score higher in client satisfaction.
"CACI can provide the Military Health System with comprehensive support in all our core areas," said Ken Johnson, CACI President of U.S. Operations. "We bring a complete package of proven solutions for network services, information assurance, knowledge management, logistics, and more. Our company is positioned and ready to help MHS meet diverse needs effectively, on time, and within budget."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "We are pleased to have this opportunity to work with the Department of Defense's Military Health System. We believe DoD healthcare is a growth sector in the federal government and that CACI solutions can play key roles in healthcare support. We are proud to have a chance to help not just our servicemen and women, but their families, in ways that are personal and important to them as they work to protect our nation and fight the war on terrorism."
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 7,000 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 |
|
|