CACI International Inc · 1100 North Glebe Road · Arlington Virginia 22201
CACI Awarded $26 Million Contract to Support U.S. Army Force Management System
New and Continued Work Expands CACI Roles in Army Manpower and Resources Support
Arlington, VA, August 19, 2008 - CACI International Inc (NYSE:CAI), announced today that it has been awarded an estimated $26 million task order contract to support the U.S. Army Deputy Chief of Staff, G-3, Director of Force Management. The five-year award (one base year, four option years) was made under CACI's Information Technology Enterprise Solutions 2 Services (ITES-2S) contract vehicle with the Army. Under the terms of the award, CACI will provide operations, maintenance, and enhancement support for the Army's Force Management System (FMS). The award is primarily new work for CACI while also continuing several tasks CACI currently performs for this client. With the contract, CACI expands its functional core competency in business system solutions.
The Army Director of Force Management documents and authorizes the personnel and equipment resources required to meet the Army's strategic and mission objectives. FMS modernizes several legacy systems to enable the Army to manage force structure in new, more efficient ways, streamline exchange of data between Army and Defense Department systems, and improve legacy business processes.
CACI's role focuses on FMS software development, supporting the design, development, and fielding of the modernized application. This includes providing information assurance solutions to ensure the security of the new system and data. At the same time, CACI will maintain legacy applications until they are integrated into FMS, including one application the company already supports. CACI will also provide program management support.
A key factor in CACI's selection is the company's credentials in quality software development. CACI has been rated at Maturity Level 3 of the Software Engineering Institute's Capability Maturity Model® Integration (CMMI®). CMMI Level 3 assures clients of an industry-recognized, high-level set of best practices for systems and software engineering solutions.
Bill Fairl, CACI President of U.S. Operations said, "CACI offers the Army considerable experience supporting its Force Management System, assuring rapid contract start-up and continuous high-quality service. Our certified expertise in software development, backed by a solid understanding of the FMS technical environment and the Army's manpower and resources goals, will help the Army meet its needs effectively and on time."
Paul Cofoni, CACI President and Chief Executive Officer, stated, "We're very pleased the U.S. Army has selected CACI for the continued modernization of its Force Management System. This award is a key step in expanding CACI's business in force structure and resource management for America's military and growing our core competency in business system solutions."
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 12,000 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; 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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