CACI Awarded $75 Million Contract to Support Information Systems for U.S. Navy Shipyards
Recompete Is First Major Contract Award From AMS Purchase
Arlington, VA, July 28, 2004 — CACI International Inc (NYSE:CAI) announced today that it has been awarded a five-year, $75 million contract by the Naval Sea Systems Command to provide systems integration, software development, and business process support for information systems in use at all U.S. Navy shipyards. The recompete award is the first major contract announcement from the new CACI business group formed when the company acquired the Defense and Intelligence Group of American Management Systems, Inc. (AMS) on May 1 of this year. The award increases the value and extent of the work CACI is currently performing on this contract and expands the company's systems integration line of business. Work is scheduled to begin immediately in Norfolk, Virginia.
Under the terms of the contract, CACI will continue more than 10 years of service for the Navy Systems Support Group (NSSG) and the Navy's Supervisor of Shipbuilding (SUPSHIP) as these organizations modernize Naval Shipyard business processes and information systems.
For NSSG, CACI has already helped reengineer shipyard processes and develop new information systems to support them. Under the new contract, the company will provide ongoing support for a complex, CACI-developed work planning and management application that tracks shipyard repairs, materials allocation and cost, worker training, and other critical maintenance elements, and interfaces with multiple other Navy systems. For SUPSHIP, CACI's role includes developing new applications and managing an automated information center that provides centralized oversight and call center support for all corporate information systems.
"CACI brings the U.S. Navy an experienced team that understands the complicated shipyard environment in which maintenance processes and systems operate," said Ken Johnson, CACI President of U.S. Operations. "In just the past five years, we have successfully delivered millions of dollars of work, within budget and on schedule. We have worked with the Navy to realize technology investments that improve performance and maximize benefits to shipyard customers."
According to Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, "CACI's growth strategy rests on three pillars: sustaining long-term client relationships, winning recompete contracts, and maintaining a successful acquisitions program. This contract award with the Navy Systems Support Group and Supervisor of Shipbuilding represents an outstanding combination of all three. We have provided a seamless transition to clients that came to us as a result of our Defense and Intelligence Group acquisition, and they have rewarded us with continued business."
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 9,400 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, 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 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 schedule 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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