CACI International Inc · 1100 North Glebe Road · Arlington Virginia 22201
CACI Awarded $9.5 Million Contract to Provide Video Teleconferencing Support for Eighth U.S. Army
New Business for CACI Supporting U.S. Army in Korea
Arlington, VA, July 30, 2008 - CACI International Inc (NYSE:CAI), announced today that it has been awarded a $9.5 million prime contract to provide video teleconferencing (VTC) services and solutions to the Eighth U.S. Army, stationed in the Republic of Korea. The contract has a duration of one base year and three option years. While CACI provides a wide range of support to the Eighth U.S. Army in such areas as information management, command and control, intelligence, and command center upgrades (including VTC design, engineering, installation, and training), this award represents significant new business expansion for CACI as it offers a ready vehicle for Eighth U.S. Army customers to rapidly acquire and deploy VTC suites. The award strengthens CACI's core competency in data, information, and knowledge management.
The Eighth U.S. Army supports the deterrence of North Korean aggression against the Republic of Korea during armistice, crisis, and wartime operations.
Under the VTC contract, CACI will partner with the Army's Regional Chief Information Office in Korea to provide video teleconferencing capabilities that range from single-user desktop systems to large, multi-screen systems for conference rooms and command center collaboration. CACI will also provide both informal and classroom training, and will deliver VTC services on both classified and unclassified networks.
According to Bill Fairl, CACI President of U.S. Operations, "CACI provides the Eighth U.S. Army with a single source for engineering, installing, and maintaining secure video teleconferencing systems throughout the Republic of Korea. We will leverage our long-time support for the Eighth U.S. Army and the U.S. Forces in Korea to help the Army manage expenditures and take full advantage of state-of-the-art technology and services from CACI for enhanced communications."
Mr. Fairl continued: "This new business award reflects CACI's track record of providing innovative, value-added support for the Army in Korea and around the world. We are pleased to expand our services to the Eighth U.S. Army in its support for the Republic of Korea as a global economic power and one of America's most valued allies."
CACI International Inc provides the professional services and IT solutions needed to prevail in today's 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 Solutions; cyber solutions; 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. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 12,100 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; 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) 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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