CACI Awarded $42 Million Contract by the Defense Information Systems Agency
Wide Area Workflow Solution Supports DoD's Paperless Contracting Initiative
Arlington, VA, May 30, 2006 - CACI International Inc (NYSE: CAI) announced today that it has been awarded a prime contract estimated at $42 million for the CACI-developed Wide Area Workflow-Receipt and Acceptance (WAWF-RA) application by the Defense Information Systems Agency (DISA). The order has a base period of one year with four 12-month options and enhances CACI's systems integration line of work.
This award includes program management, development, sustainment, integration, and training in support of the DISA WAWF-RA Program.
The WAWF-RA is a contracting application that eliminates paper from the receipt/acceptance and invoice/payments process of the contracting lifecycle. It enables federal government contractors and authorized DoD personnel to use the World Wide Web to generate, capture and process invoice, acceptance, and payment-related documentation and data.
CACI has long been a leader in advancing WAWF-RA technology as an application that brings demonstrable advantages to users in all phases of contract development. The ability to use web technology to process payment information 24/7 results in increased data accuracy, reduced operating costs, and no risk of mail-borne hazards. For vendors, WAWF enables a streamlined invoicing and receipts acceptance system with ability to quickly view previously submitted documents. Government payment officials have the ability to review and reject, with comments, improper invoices for correction and resubmission.
Paul Cofoni, President of U.S. Operations, said, "By dramatically reducing their dependence on paper-based, labor intensive processes, the Wide Area Workflow-Receipt and Acceptance application adds another level of speed and collaborative efficiency to how our customers are able to accomplish their objectives. This contract bolsters, once again, our unique legacy of supporting the WAWF initiative."
According to Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, "Government transformation is a vital process for which CACI is proud to provide solutions. The information-sharing advantages offered by our Wide Area Workflow-Receipt and Acceptance application for the DISA will contribute to the DoD's mission in providing for our nation's critical needs in defense and homeland security."
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 has been named to the Fortune 1000 Largest Companies of 2006. A member of the Russell 1000 index, CACI provides dynamic careers for approximately 10,450 employees working in over 130 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; 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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For investor information contact:
David Dragics
Vice President, Investor Relations
(703) 841-7835
ddragics@caci.com
For other information contact:
Jody Brown
Executive Vice President, Public Relations
(703) 841-7801
jbrown@caci.com
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