CACI Initiates Latest Share Repurchase Program
ARLINGTON, Va.--(BUSINESS WIRE)--
CACI International Inc (NYSE: CACI), a leading
professional services and information technology solutions provider to
the federal government, announced that it has executed its share
repurchase program and has begun to repurchase four million shares of
the Company's common stock. The Company expects to complete the program
in approximately two months, depending upon market volume
considerations. To date, the Company has repurchased 1.3 million shares
at an average price of $50.56 per share.
Under the share repurchase program, CACI is repurchasing the Company's
common stock within two months pursuant to Rule 10(b)-18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). The
share repurchase program is being made pursuant to a plan in accordance
with Rule 10b(5)-1 of the Exchange Act.
Dr. J.P. (Jack) London, CACI's Chairman of the Board, said, "CACI's
Board of Directors authorized our share repurchase program because we
continue to have great confidence in our leadership team, our vision and
strategy, and the long-term growth opportunities in our addressable
markets. We believe the current trading range for CACI stock provides
exceptional value for the investment community."
Celebrating our 50th year in business, CACI sustains an exceptional
record of success by providing professional services and IT solutions
needed to prevail in the areas of defense, intelligence, homeland
security, and IT modernization and government transformation. We deliver
business system solutions; C2 solutions; cyberspace solutions;
enterprise IT solutions; geospatial solutions; healthcare IT solutions;
identity management solutions; integrated security solutions;
investigation and litigation support; ISR solutions; knowledge
management solutions; logistics and material readiness; mobility
solutions; and program management and SETA support. CACI solutions help
federal clients provide for national security, improve communications
and collaboration, secure information systems and networks, enhance data
collection and analysis, and increase efficiency and mission
effectiveness. A member of the Fortune 1000 Largest Companies and the
Russell 2000 index, CACI provides dynamic careers for approximately
14,600 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 globally
(including the impact of uncertainty regarding U.S. debt limits and
actions taken related thereto); 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 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 audits and
reviews conducted by the Defense Contract Audit Agency, the Defense
Contract Management 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, and (iii) competition for task orders under Government Wide
Acquisition Contracts ("GWACs") and/or schedule contracts with the
General Services Administration; the ability to successfully integrate
the operations of our recent and any future 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-Financial

CACI International Inc
Corporate Communications and Media:
Jody
Brown, Executive Vice President,
Corporate Communications
703-841-7801
jbrown@caci.com
or
Investor
Relations:
David Dragics, Senior Vice President,
Investor
Relations
866-606-3471
ddragics@caci.com
Source: CACI International Inc
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