CACI International Inc · 1100 North Glebe Road · Arlington Virginia 22201
CACI Awarded $36 Million Modeling and Simulation Contract With U.S. Army Night Vision and Electronic Sensors Directorate
Continues CACI Support for Training and Technology Development
Arlington, VA, August 27, 2008 - CACI International Inc (NYSE:CAI), announced today that it has been awarded a $36 million prime contract to support the Modeling and Simulation Division of the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD). CACI received the competitive three-year contract (two-year base and one-year option) under its Strategic Services Sourcing (S3) contract with the U.S. Army. This is the sixth NVESD award CACI has announced since December 2007, for a total of more than $129 million in awards since that date. This new award increases both the size and scope of CACI's work with NVESD's Modeling and Simulation Division and strengthens CACI's functional core competency in C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance).
NVESD provides the Army with research and development of advanced night vision and other sensor technologies, such as infrared weapon sights, surveillance systems and systems that enhance the soldier's ability to operate at night and during limited visibility conditions. CACI's services to NVESD's Modeling and Simulation Division will support Joint and Army simulation applications that are designed to make military training more realistic and effective while interoperating across all the services.
CACI's role focuses primarily on developing software simulations for NVESD to use in training troops on key C4ISR systems. CACI's team provides advanced, high-resolution 3D graphics, simulations of ground and air vehicles, and terrain mapping and other functions to help contain costs while accelerating the delivery of new capabilities to the warfighter. The company also supports the upgrading of current modeling and simulation software and provides technical support for concept development, systems development, and systems integration and testing. In continuing its NVESD role, CACI assures uninterrupted services delivered by a team with in-depth knowledge of, and familiarity with, NVESD's technical environment and mission requirements.
Said Bill Fairl, CACI President of U.S. Operations, "CACI is proud to continue our support for the U.S. Army's Night Vision and Electronic Sensors Directorate in the technologies our company was founded upon – modeling and simulation. We offer leading-edge solutions and services that ensure timely and effective modeling and simulation support for training and technology development."
According to Paul Cofoni, CACI President and Chief Executive Officer, "As our sustained and growing business with the U.S. Army's Night Vision and Electronic Sensors Directorate shows, CACI continues to expand our support for the nation's greatest needs and requirements. We are proud to play a role in products and services that directly support our warfighters and their ability to complete their missions."
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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