CACI Awarded $70 Million Subcontract to Provide Integrated Logistics Support to U.S. Navy Fleet
Arlington, VA, March 2, 2004 — CACI International Inc (NYSE:CAI) today announced that it has been awarded an estimated $70 million subcontract from EG&G Technical Services of Gaithersburg, Maryland, a division of the URS Corporation of San Francisco, California, to support the U.S. Navy's Fleet Technical Support Center, Atlantic (FTSCLANT). Under terms of the contract, CACI will provide integrated logistics, project management, training, and other services to ensure that the Atlantic Fleet is properly equipped and operational. This award continues CACI's long-time work in naval logistics and extends the company's core line of engineering and logistics business.
Since 1997, CACI has helped maintain the Navy's Atlantic Fleet Integrated Logistics Overhaul operations, designed to improve ship readiness by accurately identifying and updating a unit's operating equipment and parts inventory. The contract calls for CACI to help plan maintenance systems and procedures, update technical manuals, and provide personnel training as necessary to operate and sustain the Fleet.
CACI was specifically selected by EG&G for its ability to provide integrated logistics overhaul, operational and post-availability logistics, technical documentation, and supply management. CACI also offers expertise gained through direct experience with Navy programs such as Fleet Assistance and Shipboard Training, and with clients such as the Naval Supply Systems Command, the Space and Naval Warfare Systems Command Systems Center Norfolk, and numerous Commander Fleet Forces Command units.
"We look forward to working alongside our partners at EG&G," said Ken Johnson, CACI's President of U.S. Operations. "CACI understands the complexities of Navy Fleet Command and Operations, and our expertise in personnel, equipment, and program management will help the Navy remain prepared and on alert 24/7."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "CACI offers the Navy proven solutions in engineering and logistics, developed over years of support and designed to meet ongoing Navy requirements. As always, we are proud to offer our services and support to help America's Armed Forces stay strong and ready to respond at a moment's notice."
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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