08.05.2008 12:41:00
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CACI Awarded $134 Million Contract to Support Military Sealift Command
ARLINGTON, Va., May 8 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has been awarded an indefinite delivery/indefinite quantity contract for up to 10 years, worth up to $134 million, to continue providing worldwide logistics support services to the U.S. Navy's Military Sealift Command (MSC). The award sustains CACI's support for MSC and expands the company's business in logistics and material readiness solutions.
The mission of the Military Sealift Command is to support our nation by delivering supplies and conducting specialized missions across the world's oceans, with a vision to be the leader in innovative and cost-effective maritime solutions. CACI's role under the MSC contract is to deliver worldwide logistics support services to the fleet of more than 100 MSC ships and shore activities. The company will help MSC ensure the integrity, accuracy, and timeliness of shipboard equipment configurations, associated logistics support, shore-based and shipboard inventories, and related technical systems, data, and documentation.
The new contract award sustains CACI's continuing support for MSC. The company developed MSC's centralized Configuration and Logistics Information Program (CLIP) database system and deployed its shipboard version, ShipCLIP, aboard 112 MSC ships. CACI is also helping MSC implement emerging technology for its Information Systems Portal, which links to Department of Defense and commercial logistics databases to provide MSC decision-makers with fast access to accurate data on inventories and supplies.
According to Bill Fairl, CACI President of U.S. Operations, "The technical approach CACI offers the Military Sealift Command, based upon proven and repeatable processes certified by the International Organization for Standardization (ISO), streamlines and improves logistics support while reducing costs. For example, while the size of the MSC Fleet has grown over the years, implementing the CACI-developed ShipCLIP application, along with MSC's Information Systems Portal, has reduced the cost of logistics support per ship by more than 28 percent since 1995. Our support helps MSC simplify the job for the shipboard supply department and provides effective and practical tools for shipboard engineering personnel."
Paul Cofoni, CACI President and Chief Executive Officer, said, "This contract award continues the outstanding relationship with the Military Sealift Command that CACI has held since 1990. Our ongoing service is strong confirmation of the sustained value we bring to the Command and its capabilities. CACI remains dedicated to providing services and solutions that help our warfighters stay equipped and ready to execute their most critical missions in defending our nation against 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 integration services; information assurance, information operations, and cyber security services; 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 11,800 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 http://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: the accretiveness of the Dragon Development Corporation and Athena Innovative Solutions, Inc. transactions to our earnings; 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.
For investor information contact: For other information contact: David Dragics, Jody Brown, Senior Vice President, Executive Vice President, Investor Relations Public Relations (866) 606-3471, ddragics@caci.com (703) 841-7801, jbrown@caci.com
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