CACI Awarded $238 Million in Contracts to Support National Security and Intelligence
January 27 2011 - 8:00AM
Business Wire
CACI International Inc (NYSE:CACI) announced today that it has
been awarded approximately $238 million in previously unannounced
contracts to support major operational components and critical
support elements for both defense and federal civilian sectors in
the Intelligence Community (IC). For these awards, CACI is
delivering a wide range of talent and tailored technology that
bolster its clients’ ability to accomplish vital national security
missions. Approximately $165 million of these awards were made in
CACI’s second fiscal quarter, ending December 31, 2010, with the
remainder coming in the quarter ending September 30, 2010.
CACI’s multi-decade experience in the IC has provided it with an
acute understanding of classified environments and missions, as
well as a set of values that mirror those of its intelligence
clients. These recent awards underscore CACI’s reputation as a
contractor that provides extensive and highly valued solutions
rapidly, globally, and across all intelligence disciplines. The
awards involve performance of or support to the IC’s fundamental
intelligence tasks of collection, analysis, and knowledge
management in both the foreign intelligence and counterintelligence
domains.
According to Bill Fairl, CACI’s President of U.S. Operations,
“Simply put, intelligence work is a CACI core competency. Over 40
percent of CACI’s revenue year-to-date is derived from the
intelligence support it provides at the tactical, operational, and
strategic levels. We are capable of delivering end-to-end analytic
and operational support capabilities – from point of collection to
product delivery. We are equally capable of providing specialized
niche capabilities or general augmentation, integrating rapidly and
efficiently.”
CACI President and CEO Paul Cofoni said, “The size and mix of
CACI’s intelligence business affords its intelligence personnel
expansive training and career development opportunities, resulting
in a stable, productive, and ‘right-skilled’ workforce with mastery
of intelligence technologies and tradecraft. We have a proven
capacity for delivering quality intelligence services, solutions,
and products for time-sensitive requirements in the most demanding
environments. We are proud of our record of performance on the
nation’s first line of defense.”
CACI provides professional services and IT solutions needed to
prevail in the areas of 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 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. 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.
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