Arlington, VA, September 23, 2010 - CACI International Inc (NYSE:CACI) announced today that it has been awarded a $35 million task order by the U.S. Navy's Warfare Systems Program Office (WSPO) to provide program management and business financial support services to the Naval Surface Warfare Center (NSWC) in Dahlgren, VA. The new work will bring new processes and innovative tools to help WSPO streamline its processes and meet mission requirement on time and within budget. The contract was awarded under the Seaport contract vehicle and is for a base and four option years. The award strengthens CACI's functional core competencies with work in program management and SETA services and business systems solutions.
The award's services and products will support work in three primary areas. Program business strategic vision and planning will address and develop options for budget variables and increasing fleet and technical requirements and identifying business efficiencies to achieve cost and time savings. Program management and execution support will involve tasks that include program specific tactical and strategic planning and execution, development of task statements and Task Planning Sheets, and developing program schedules at the weapon system, combat system, and element level. Business and financial management support will involve a wide array of technical programs within multiple departments of the NSWC and the WSPO. The overall support provided will also aid in the NSWC's smooth migration to enterprise resource planning (ERP), scheduled for 2011.
Many of NSWC's project management functions will be supported by iNDEVOR, a CACI-developed, secure, web-based contract management system. It provides a standardized platform from which CACI managers and federal government contracting personnel can track and manage their organizations, projects, funding, schedules and subcontractors across multiple contract vehicles. CACI's program management and systems engineering and technical assistance (SETA) services sustain program offices with comprehensive management processes that optimize program resources. The company's business systems solutions address the full spectrum of requirements in the financial, procurement, human resources, and supply chain domains.
According to Bill Fairl, CACI's President of U.S. Operations, "With this new contract with the Naval Surface Warfare Center, we will be able to use iNDEVOR to greatly accelerate information access and automate and streamline a wide array of management functions. And the expertise we provide will play an important role in helping the Naval Surface Warfare Center in Dahlgren move towards implementing enterprise resource planning."
CACI President and CEO Paul Cofoni observed that, "CACI's long-term commitment to our Naval Sea Systems Command customer now includes this important new work for the Naval Surface Warfare Center in Dahlgren. Our innovative processes, and significant record of managing large acquisition and combat systems programs, will help strengthen the role this vital facility performs in supporting our nation's priorities."
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 integration 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 12,800 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; 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 government entities with cognizant oversight; 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, (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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