CACI Awarded $25 Million Contract to Continue Support for Naval Shipyard Training and Education Programs
Solutions to Improve Maintenance Procedures for Faster Fleet Availability
Arlington, VA, January 22, 2008 - CACI International Inc (NYSE:CAI) announced today that it has been awarded a $25 million task order by the Naval Sea Systems Command (NAVSEA) to continue support of the comprehensive Naval Shipyard Training and Education Program (NSTEP). The task order was awarded under the Seaport II Enhanced contract vehicle, with the five-year contract calling for one base year, one option year, and three performance-based years. CACI will perform the work at the Naval Sea Systems Command headquarters, Naval shipyards, and maintenance facilities in the U.S. and Japan. The award continues support CACI has provided for this client since 1992 and increases the company's business in strategic planning, business process development, and human capital and workforce development.
Collectively, Naval shipyards perform approximately $3 billion worth of business a year and employ a workforce of about 25,000. NSTEP, formerly the Integrated Project Team Development process, is a large-scale, shipyard-wide approach to enhancing the U.S. Navy's Industrial Base capabilities. The program will provide centralized, competency-based learning solutions that support workforce development and drive improved business operations. The program enhances the Navy's ability to refine business processes, improve overall performance, and assure that fleet assets are more quickly available for deployment. In just the past six years, the program has graduated approximately 11,000 people.
CACI offers NAVSEA more than 15 years of experience providing change management, workforce, and organizational development, and technical and managerial support for industrial and ship maintenance operations. The company provides a curriculum of some 310 courses covering topics such as strategy development, team building, and communications. Fleet and contractor personnel trained through NSTEP range from mechanics and petty officers to commanding officers and senior executives. Their improved skill-sets help speed maintenance so the predominately nuclear-powered ships at these facilities can quickly return to the fleet.
According to Bill Fairl, CACI's President of U.S. Operations, "The ongoing work we provide for the Naval Sea Systems Command's Naval Shipyard Training and Education Program is a model for developing a solid base for adding to current customer value and shaping future business opportunities. I'm pleased that our CACI team has earned our customer's trust and confidence, and established such a fine record of professionalism."
CACI President and CEO Paul Cofoni said, "With this latest award for NAVSEA, CACI is, once again, able to continue helping shipyard teams to more effectively perform the maintenance work that is so crucial to getting ships where they belong – at sea. We're proud to provide a vital service to our nation by training civilian and military personnel in maintaining these critical U.S. Navy resources."
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 the Russell 2000 index. CACI provides dynamic careers for approximately 11,600 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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For investor information contact:
David Dragics
Senior Vice President, Investor Relations
(866) 606-3471
ddragics@caci.com
For other information contact:
Jody Brown
Executive Vice President, Public Relations
(703) 841-7801
jbrown@caci.com
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