CACI Awarded Business and Financial Management Contract with Naval Air Systems Command
Multiple Award Contract Has Ceiling Value of $135 Million
Arlington, VA, January 24, 2005 — CACI International Inc (NYSE:CAI) announced today that it has been selected as one of seven large and seven small business prime contractors to support the Naval Air Systems Command (NAVAIR) Business and Financial Community Multiple Award Contract. Under the terms of the contract, CACI will offer business and financial support services to NAVAIR as it manages programs and products delivered to U.S. Navy and Marine Corps aviators. The blanket purchase agreement has a ceiling of $135 million and a base of one year with four option years. The majority of the work will take place at the Naval Air Warfare Center Aircraft Division in Patuxent River, Maryland. This award positions CACI to expand its core engineering and logistics line of business.
NAVAIR's goals include balancing current and future readiness, reducing the cost of business, and improving the agility with which U.S. Navy and Marine Corps aviation forces are readied and deployed. CACI will bring its proven experience in project management and business process reengineering to help achieve these aims. The company has already saved the Navy $100 million annually while reducing the average "Street to Fleet" aviator training time by 35 percent and increasing overall training output by 23 percent. Similar efforts focused on aircraft maintenance improvements have also increased material readiness by 29 percent.
With this award, CACI will head a team of 11 subcontractors offering comprehensive logistics support. This includes program management expertise to develop processes that maximize performance and reduce costs while sustaining top quality. The company will also provide process and software tools for developing optimal budget, accounting, and workload planning solutions. In addition, CACI specialists will provide document management support to ensure process and performance efficiency.
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "The Naval Air Systems Command is dedicated to providing the most effective solutions for America's air power. CACI is also committed to ensuring our warfighters are supplied and ready at all times. We bring a solid record of partnering with the U.S. Navy to streamline processes and enhance training and performance. We are pleased to offer our solutions that will help the Navy and Marine Corps carry out their important work in protecting the nation and fighting 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 9,500 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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