CACI Awarded $16 Million Contract to Provide Logistics Analysis and Training Support to U.S. Navy and Marine Corps
Future Value Estimated at $85 Million If All Options Exercised
Arlington, VA, December 20, 2004 — CACI International Inc (NYSE:CAI) announced today that it has been awarded a prime contract by the Fleet and Industrial Supply Center, Norfolk, Detachment Philadelphia, to provide technical services to support the Fleet Assistance and Shipboard Training (FAST) program. The award, which is for one base year with four one-year options, has a current value of $16 million that could increase to $85 million if all options are exercised. CACI will perform the work at various U.S. Navy and Marine Corps facilities stateside, overseas, and on board naval vessels. As the 17-year prime incumbent for these services, CACI continues to demonstrate its expertise in logistics analysis and training. Additionally, the company continues to increase its role in Navy and Marine Corps support, which is a key component of its core engineering and logistics line of work.
The FAST program provides a wide range of support for afloat and deployable automated supply management programs and services for the Navy and Marine Corps. This support consists of on-site assistance, training, and analysis; formal training; database validation, correction, and reconciliation, and inventory reconciliation.
CACI's role is to provide FAST users with comprehensive and innovative logistics, inventory, training, and financial management solutions that help improve automated supply operations and Fleet readiness. The FAST program focuses on program-level, user-level, and other functional solutions that address and resolve supply problems from an applications, systems, and training perspective. To achieve this goal, CACI's solutions apply experience, expertise, tools, and performance monitoring to meet the operational, technical, and programmatic challenges of supporting our Navy's ships, battle groups, aircraft, and Marine Corps aircraft in maintaining optimum readiness at all times. CACI also supports the design, prototyping, and evaluation of new logistics applications and concepts.
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "CACI's ongoing partnership with the U.S. Navy and Marine Corps demonstrates how we have continually evolved our solutions in support of constantly evolving requirements. CACI's processes for identifying project risks and developing solutions, and its record of successfully implementing solutions for more than 17 years, ensure the Navy and Marine Corps of continued high-quality, low-risk service. The award illustrates CACI's commitment to our warfighters around the world and reinforces our reputation as a company that delivers quality client service and best value."
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 government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; 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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