CACI Awarded $188 Million Contract to Support U.S. Navy Mine Countermeasure Programs
Award Continues CACI Support for Current and Next-Generation Systems
Arlington, VA, September 13, 2005 — CACI International Inc (NYSE:CAI) announced today that it has been awarded a five-year, $188 million prime contract to support the U.S. Naval Sea Systems Command's Program Executive Office for Littoral and Mine Warfare. The contract, which has a one-year base and four option years, calls for CACI to support a wide range of current and next-generation mine countermeasure programs and combat systems. Work will be performed primarily at the Washington, D.C. Navy Yard, Indian Head, Maryland, and San Diego, California. As a consolidation of several existing contracts, the award expands work CACI has already been performing for this client and significantly increases the company's engineering and logistics business.
The Program Executive Office for Littoral and Mine Warfare is the Navy's central activity for developing, acquiring, and fielding capabilities such as those included on combat ships that clear mines, hunt submarines, and provide surface warfare capabilities. The office also manages programs in special warfare, maritime surveillance, explosive ordnance disposal, unmanned surface and undersea vehicles, and anti-terrorist protection for Navy ships while they are in or near port.
CACI's role includes helping the Navy manage solicitations and monitor contractor performance, ensuring that proposals are effectively evaluated and that system specifications are met on time and within budget. CACI will also support Navy budget planning for maximum cost efficiency. Company technical experts will help the Navy test the systems, and logistics experts will assist with fielding and integrating the systems, as well as with ongoing maintenance. CACI will also be supporting innovative designs for new unmanned systems that can be remotely deployed, and that include such capabilities as faster and more effective ways of identifying and neutralizing mines in shallow waters in preparation for Marine landings.
According to Paul Cofoni, CACI's President of U.S. Operations, "The expansion of our mine countermeasures business with the U.S. Navy is a great vote of confidence in the support we have provided for several years. Our work has now grown to encompass acquisition and program management, technical and engineering services, business and financial solutions, and comprehensive logistics support. We have assembled a strong team that assures the Navy of savings in time and money as well as increased productivity all along the line."
CACI Chairman, President, and CEO Dr. J.P. (Jack) London said, "CACI continues to offer high-quality solutions that help the government serve and protect America's military. This award reflects our success in meeting these vital needs. As our nation looks to new and better ways to safeguard both our troops and our citizens, CACI is proud to partner with the U.S. Navy to meet America's highest priorities."
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 1000 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 (particularly those with security clearances); 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; changes that could result from accounting adjustments requested in connection with finalizing our Report on Form 10-K; and other risks described in the company's Securities and Exchange Commission filings.
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