CACI Awarded Prime Contract for $1.9 Billion Design and Engineering Support Program
Company Positioned to Expand Core Engineering Services Business
Arlington, VA, October 5, 2006 - CACI International Inc (NYSE:CAI) announced today that it has been awarded a prime contract by the U.S. Air Force to support the Design and Engineering Support Program (DESP II) task order contract. DESP II is a multiple-award, indefinite delivery/indefinite quantity contract under which all prime contractors will compete for task orders until 2010, or until the program's ceiling amount of $1.9 billion is reached. The contract provides for the acquisition of engineering and technical services for the Air Force Materiel Command and the Army Tank Automotive Command, and may be used by all other Air Force and Army commands, Defense Department agencies, and other government organizations to obtain CACI services. CACI had been a subcontractor on the previous DESP effort and, with the new award, increases its potential to expand its core engineering services business.
CACI anticipates performing a broad range of engineering work under DESP II. This includes providing solutions for designing systems, applications, and support equipment; analyzing engineering problems and proposing new approaches; developing and testing prototypes; integrating software and hardware; training users; and providing lifecycle maintenance support.
According to CACI President of U.S. Operations Paul Cofoni, "CACI's comprehensive engineering solutions are a good match with the Design and Engineering Support Program II. We expect to use DESP II extensively as a contract vehicle to help our legacy Air Force customers, as well as other customers throughout the federal government, rapidly and efficiently acquire needed CACI services to meet mission-critical goals."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "CACI's award of the Design and Engineering Support Program II contract strengthens our presence within the defense community and continues our growth into the top tiers of federal government contracting. Our selection to provide these important services further demonstrates CACI's commitment to supporting the highest priorities within our national defense and America's 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 10,000 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; changes in interest rates; currency fluctuations; 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, based on a change in spending patterns, or 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, (iii) competition for task orders under Government Wide Acquisition Contracts (“GWACs”) and/or schedule contracts with the General Services Administration; and (iv) expensing of stock options; 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.
# # #
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
|
NEWSLETTER
|
| Join the GlobalSecurity.org mailing list |
|
|
|
