CACI International Inc · 1100 North Glebe Road · Arlington Virginia 22201
CACI Awarded $60 Million Contract to Support Airborne Sensors for U.S. Army Night Vision and Electronic Sensors Directorate
Expands Business With Directorate in C4ISR Core Competency
Arlington, VA, November 10, 2008 - CACI International Inc (NYSE:CAI) announced today that it has been awarded a $60 million prime contract to continue the development, maintenance, and operation of experimental airborne sensors for the U.S. Army's Research Development and Engineering Command (RDECOM) Communications-Electronics Research Development and Engineering Center (CERDEC) Night Vision and Electronic Sensors Directorate (NVESD). CACI received the competitive three-year award under its Strategic Services Sourcing (S3) contract with the U.S. Army. The award increases both the size and scope of CACI's existing airborne sensors business with NVESD and strengthens the company's functional core competency in C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance).
NVESD researches and develops 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 support focuses on airborne sensors developed for fixed wing and rotary wing aircraft, with increased emphasis on sensors designed for use on unmanned aerial vehicles (UAVs).
CACI's services include engineering, development, systems integration, and test and evaluation of sensor systems. The company will provide quick reaction and rapid prototyping to ensure systems are developed on time and fielded quickly to meet high-priority wartime requirements.
According to Bill Fairl, CACI's President of U.S. Operations, "CACI's support for airborne sensors ensures the protection of warfighters and provides operational superiority in battlefield situations. Our solutions enable us to help the Night Vision and Electronic Sensors Directorate give the warfighter an advantage in nighttime environments, as well as during military operations in urban terrain, where CACI-supported sensor systems provide the ability to counteract excessive glare from artificial lighting."
CACI President and CEO Paul Cofoni said, "CACI is proud to expand our service to the U.S. Army's RDECOM CERDEC Night Vision and Electronic Sensors Directorate. This award demonstrates the continued confidence the Directorate has that CACI provides valuable and reliable solutions, on schedule and within budget. We are committed to using all the resources at our disposal to support the development and delivery of systems that directly serve our warfighters and advance the government's most critical priorities in countering global terrorism."
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 12,300 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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