CACI Awarded $30 Million Contract to Enhance U.S. Naval Aviation Training and Readiness
Company to Develop More Efficient Aviation Training Systems and Processes
Arlington, VA, February 12, 2004 — CACI International Inc (NYSE:CAI) today announced that it has been awarded a $30 million contract by the Naval Air Systems Command (NAVAIR), Naval Air Warfare Center Aircraft Division in Patuxent River, Maryland to support its Naval aviation manpower, readiness, and training services. The period of performance on the indefinite-delivery, indefinite-quantity contract began on January 1, 2004 and lasts for one base year with two option years. The award extends the company's longtime role as an engineering, training, and logistics solutions provider for the U.S. Navy, as well as its experience sustaining military troop preparedness.
Among other duties, the contract calls for CACI to integrate existing repositories of parts and inventory data, as well as develop and maintain a repository of integrated production data, in order to expedite aircraft servicing. CACI will also develop process improvement and program management initiatives designed to decrease the time and expense required to train Naval aviators. The work will affect U.S. Navy and Marine Corps aviation capabilities worldwide and will be performed at key aviation facilities around the country including Pensacola, Florida, Corpus Christi, Texas, Norfolk, Virginia, and San Diego, California.
CACI was selected for its Naval aviation experience achieved through the company's acquisition of Acton Burnell, Inc. in October 2002. Application of that experience has helped to significantly increase Naval aviation training output, and decrease average training time.
"CACI has demonstrated that we can meet the unique, precise requirements necessary to effectively support Naval aviation manpower, readiness, and training," said Ken Johnson, CACI President of U.S. Operations. "We look forward to developing and delivering analysis-based solutions that will significantly reduce pilot, aircrew and maintenance production cycle times."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "Through our strategic acquisition of Acton Burnell, CACI has gained a valued client in the Naval Air Systems Command as we continue to grow our engineering, training, and logistics line of business. We know how important it is to remain vigilant in maintaining a strong, responsive military, and we stand ready to assist our nation's aviation forces."
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 7,200 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.
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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
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