CACI Awarded $29 Million Prime Contract to Support Joint Staff Comptroller at Department of Defense
Continuing Work Provides Enhanced Financial Management and Subject Matter Expertise
Arlington, VA, November 2, 2009 - CACI International Inc (NYSE:CACI) announced today that it has been awarded a $29 million prime task order to support financial management functions of the Joint Staff (JS) Comptroller at the Department of Defense (DoD). The four-year contract (one base year, three option years) was awarded under the U.S. Navy's SeaPort Enhanced (SeaPort-e) contract vehicle. The work continues support provided since 2002 and increases both the size and scope of CACI's enterprise financial management business through its business system solutions functional core competency.
The JS Comptroller is the primary advisor to the DoD's Director of the JS and the Chairman of the Joint Chiefs of Staff for financial and acquisition initiatives. The JS Comptroller manages all financial resources of the JS, including planning, programming, budgeting and financial execution, and oversees the JS internal management control and quality management programs.
The suite of integrated systems based on Momentum®, a financial management COTS solution, provides JS streamlined processes; real-time budget updates; reduced data entry, general ledger and financial statements; and visibility of resources across JS enabling informed and rapid decision-making. This award will now include procurement and acquisition capabilities in addition to the financial resources and expertise already in place.
According to Bill Fairl, CACI's President of U.S. Operations, "We are pleased that the DoD's Joint Staff Comptroller has shown such a high degree of confidence in the financial management capabilities of Team CACI. This task order provides a welcome extension to our nearly seven year relationship with this important customer."
CACI President and CEO Paul Cofoni said, "This continued work with the Joint Staff Comptroller is a key example of CACI's continuing leadership in federal financial management and solutions. We're proud that capabilities such as these are playing an increasing role in helping to ensure the benefits of transformation throughout the federal marketplace."
CACI provides professional services and IT solutions needed to prevail in the defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; cyber security, information assurance, and information operations; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 12,700 employees working in over 120 offices in the U.S. and Europe. Visit CACI on the web at www.caci.com and www.asymmetricthreat.net.
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 a prolonged recession; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; 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; or an economic stimulus package; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, 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; the results of government audit and reviews conducted by the Defense Contract Audit Agency or other government entities with cognizant oversight; 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); market speculation regarding our continued independence; 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) accounting for convertible debt instruments; 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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