CACI Awarded $13 Million Contract to Support Defense Acquisition Management System
Continues Services for CACI-developed, Web-based Information System
Arlington, VA, September 5, 2006 - CACI International Inc (NYSE:CAI) announced today that it has been awarded a prime contract, valued at $13 million over the contract's life cycle, to continue its support for the Defense Acquisition Management Information Retrieval (DAMIR) system for the Office of the Undersecretary of Defense for Acquisition, Technology and Logistics. The contract includes a 7.5-month base period and three option years. Originally developed by CACI, DAMIR gives the Defense Department a powerful new web-based tool for managing and overseeing the acquisition of major weapon and information systems. The award increases both the size and scope of CACI's effort and continues the ongoing expansion of CACI's business in solutions that play a vital role in the transformation and enhancement of government services.
DAMIR is a web-based suite of applications that replaces the Defense Department's legacy acquisition reporting system with more effective tools for managing the cost, schedule, and performance of acquisition programs. It provides acquisition managers at all levels with access to shared information that is accurate, relevant, consistent, and near real-time. It further enhances the oversight process by providing robust search and analytical tools.
DAMIR plays a critical role as one of the enterprise solutions that will help the government meet its goals for transforming and improving the way it does business. By establishing a net-centric information exchange environment, DAMIR is able to interface and exchange data with systems across the military services, allowing users to access a wide range of information faster and more efficiently. Moreover, DAMIR can be accessed by Congress, the U.S. Government Accountability Office, and the Office of Management and Budget, providing crucial insight into defense acquisition for these important federal organizations.
According to Paul Cofoni, President of U.S. Operations, "CACI has worked hard to ensure DAMIR meets the goals of the Office of the Secretary of Defense to streamline acquisition management and oversight. We're especially pleased to support information-sharing between the Defense Department and Congress, as well as all the services, to help the government meet its transformation goals."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "CACI continues to focus on sustaining client relationships as part of our strategic growth plan. We are proud of our continuing support for the Office of the Secretary of Defense, and we remain committed to aligning our CACI services and solutions to support the federal government's most critical needs in defense, intelligence, homeland security, and government transformation."
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 10,000 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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