CACI Awarded $48 Million Contract to Continue Readiness Based Sparing Support for Naval Supply Systems Command
Company Continues History of Helping U.S. Navy Stay Supplied and Ready
Arlington, VA, April 23, 2007 - CACI International Inc (NYSE:CAI) announced today that it has been awarded an indefinite delivery/indefinite quantity contract (one-year base term and four one-year options) to provide technical and engineering support services to the Naval Supply Systems Command (NAVSUP) Readiness Based Sparing (RBS) Program. The base year has a potential value of $9 million; if all options are exercised, the total estimated value of the contract is $48 million. The award continues a series of RBS-related contracts sustaining CACI support for logistics and engineering solutions that keep the U.S. Navy and other customers supplied and ready at all times.
CACI's RBS solutions include business processes, management techniques, and information systems expressly designed to help NAVSUP contain inventory costs while still effectively supplying worldwide military operations. CACI's history of support includes serving early initiatives to model and simulate supply chains, through today's client/server and workstation solutions providing RBS breakthroughs.
Today CACI is helping the Navy lead the way in RBS implementation within the Department of Defense, and is supporting the integration of RBS tools into the Navy's emerging Enterprise Resource Planning (ERP) environment. The company has worked closely with the Navy to develop and implement state-of-the-art sparing models, tools, and techniques, and has led the innovative Naval Logistics Readiness Research Center (NLRRC) combining the efforts of government, commercial, and academic entities to develop and investigate new tools and techniques in RBS. CACI's efforts have resulted in more than $470 million in documented inventory reductions. Most importantly, these reductions were accomplished without compromising the readiness of critical defense assets.
According to Paul Cofoni, CACI's President of U.S. Operations, "CACI offers the Naval Supply Systems Command innovative solutions in Readiness Based Sparing across a wide range of functional areas. The end result is that the U.S. Navy is able to sustain high levels of readiness for key equipment and systems while reducing the cost to taxpayers."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said "CACI is very proud of our legacy of support in helping the U.S. Navy make certain that American troops are the best equipped in the world, ensuring their safety and protection. This latest contract award recognizes CACI's ongoing ability to bring value to our clients' operations with trusted, high-quality solutions in support of their critical missions."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of national security, 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 national security and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is a member of the Fortune 1000 Largest Companies of 2007 and a contender for Fortune's Most Admired Companies in Virginia 2007. A member of the Russell 1000 index, CACI provides dynamic careers for approximately 10,000 employees working in over 120 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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