CACI Awarded $25 Million Acquisition Support Task Order With Special Operations Forces

CACI International Inc (NYSE:CACI) announced today that it has been awarded a $25 million task order to support the U.S. Special Operations Command (USSOCOM) Program Executive Office for Special Operations Forces Warrior Systems (PEO-SW). Awarded under the $1.5 billion-ceiling Global Battlestaff and Program Support contract on which CACI won one of four prime positions in May, the task order consists of a one-year base period and four one-year option years. This is new work for CACI.

USSOCOM provides fully capable Special Operations Forces to defend the U.S. and its interests and synchronizes planning of global operations against terrorist networks. The mission of PEO-SW is to provide rapid and focused acquisition of capabilities that are unique to the Special Operations Forces. This includes systems, tools, and equipment in a wide range of areas, such as medical and tactical support, weapons and munitions, ground transportation, optical systems, sensors, and communications and intelligence support.

CACI will assist PEO-SW in managing acquisition programs for Special Operations Forces equipment and systems. The company leads a team of expert industry providers offering specialized services for the full range of PEO-SW activities, from development through testing and fielding.

Bill Fairl, CACI’s President of U.S. Operations, said, “On this award, CACI distinguished itself from the competition with our insight into the mission of the Special Operations Command, our proven acquisition skills, and our ability to put together a well-rounded team with demonstrated experience in the diverse needs of this effort. We also possess the capability to surge against rapid response requirements and assure the most effective products and services for the Special Operations Forces.”

According to CACI President and CEO Paul Cofoni, “One of the keys to CACI’s successful growth strategy is our ability to win and aggressively compete with the defense industry’s best on large contract vehicles like the $1.5 billion Global Battlestaff and Program Support (GBPS) effort. This GBPS task order award is just one of several that demonstrate the Special Operations Command’s confidence in CACI. We are executing on our growth strategy and bringing innovative services and solutions to our nation’s greatest challenges.”

CACI provides professional services and IT solutions needed for defense, intelligence, homeland security, and IT modernization and government transformation. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR services; 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. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 13,500 employees working in over 120 offices in the U.S. and Europe. 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 a prolonged recession; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; changes in our effective tax rate; valuation of contingent consideration in connection with business combinations; 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, or an economic stimulus package; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, 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; the results of government audit and reviews conducted by the Defense Contract Audit Agency or other governmental entities with cognizant oversight; the insourcing of contractor positions by the government; 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); market speculation regarding our continued independence; 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, and (iii) competition for task orders under Government Wide Acquisition Contracts (“GWACs”) and/or schedule contracts with the General Services Administration; the ability to integrate the operations of our recent acquisitions; 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.

CACI (NYSE:CACI)
Historical Stock Chart
From May 2024 to Jun 2024