CACI International Inc · 1100 North Glebe Road · Arlington Virginia 22201
CACI Awarded $11 Million Prime Contract to Support IT Portfolio Management at U.S. Department of Veterans Affairs
Company Will Enhance Budgetary Tracking and Reporting of Agency's Health Administration and Benefits Administration Components
Arlington, VA, March 31, 2009 - CACI International Inc (NYSE:CAI) announced today that it has been awarded an $11 million prime contract to support the U.S. Department of Veterans Affairs (VA) in budgetary compliance initiatives involving health and benefits administration. The contract is for one base year and three option years and was made through the GSA Answer GWAC contract vehicle. The new work will help ensure financial adherence to federal mandates through enhanced portfolio programming and management of the VA's information technology (IT) infrastructure.
To fulfill its mission, the VA allocates significant expenditures to its IT requirements for the purpose of improving services to veterans. Work through this contract will improve the agency's ability to use its IT portfolio management process to make the best possible selection of IT projects to execute and ensure those projects are properly managed in support of program priorities. This objective is in line with the VA's objectives of enhancing financial efficiency, fully complying with Office of Management and Budget mandates, and standardizing the management of information technology projects across the agency.
CACI will support all operational and technical requirements associated with the systematic analysis planning, budgeting and execution of IT investments. The company's functional core competency of program management and system engineering and technical assistance (SETA) support services will be a principal resource in fulfilling the contract. To further support VA, CACI will combine the resources of Capability Maturity Model Integration (CMMI) Level 3 and the Information Technology Infrastructure Library (ITIL)/International Standards Organization (ISO) 20000, ISO 9001:2000 best practices.
According to Bill Fairl, CACI's President of U.S. Operations, "We're very pleased that this new work from the U.S. Department of Veterans Affairs will help this important agency strategically refine its IT infrastructure and more efficiently oversee its budget. The award enables CACI to establish ourselves at the top levels of VA."
CACI President and CEO Paul Cofoni said, "This award from VA is a strong vote of confidence in CACI to provide expanding services to help the agency in its mission to support our nation's veterans. The work is a powerful validation of the program management expertise we already provide for a host of federal agencies."
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 and the Russell 2000 index. CACI provides dynamic careers for approximately 12,400 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 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 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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