CACI Awarded Task Order With $39 Million Ceiling to Support U.S. RDECOM CERDEC Army Night Vision and Electronic Sensors Directorate
New Award Expands Current Business With Directorate, Army C4ISR Systems
Arlington, VA, February 12, 2007 - CACI International Inc (NYSE:CAI) announced today that it has been awarded a new, 18-month task order, with a ceiling value of $39 million, under the Strategic Services Sourcing (S3) contract, to support the U.S. Army Research, Development and Engineering Command (RDECOM) Communications and Electronics Research, Development and Engineering Center (CERDEC) Night Vision and Electronic Sensors Directorate (NVESD). The award continues engineering services CACI is already providing to NVESD on a separate contract (announced October 2003) and increases the scope of the company's NVESD support. Work will be performed at Ft. Belvoir, Va. and locations throughout the U.S. and overseas. The award also expands CACI's support for Army programs in command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR).
Located at Fort Belvoir, NVESD provides research and development of night vision and other sensor technologies. Under the terms of the award, CACI will assist in the development, integration, and testing of both airborne and ground vehicle sensors systems. These systems include infra-red weapons sighting systems that enable warfighters to lock on to targets, as well as situational awareness systems that enable troops inside vehicles and aircraft to monitor the vicinity in which they operate without exposing themselves to additional risk.
CACI's engineering services include providing solutions for quick reaction and rapid prototyping. These services ensure systems are developed on time and quickly fielded to meet the Army's urgent wartime requirements. The company will also apply its modeling and simulation expertise to model systems in development, enabling the Army to evaluate and refine system designs before committing to the time and cost of implementation.
According to CACI President of U.S. Operations Paul Cofoni, "CACI offers the U.S. Army's Night Vision and Electronic Sensors Directorate core capabilities in quick reaction, rapid prototyping, and modeling and simulation to speed the development of needed systems that protect and defend our warfighters. We back this up with a deep functional familiarity with our client's environment that enables us to assure these systems will be most effective in meeting NVESD's critical needs."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "CACI is proud of our continuing partnership with the U.S. Army and the Night Vision and Electronic Sensors Directorate, and the trust they place in CACI's ability to support their most vital missions. CACI's solutions are continually aligned with our nation's highest priorities in the war on terrorism. We are dedicated to helping America's warfighters increase their capabilities to confront our enemies on the battlefield, and to defeat them."
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; and other risks described in the company's Securities and Exchange Commission filings.
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