Arlington, VA, February 4, 2010 - CACI International Inc (NYSE:CACI) announced today that it has been awarded a prime contract by the Fleet and Industrial Supply Center, Norfolk, Detachment Philadelphia, to provide technical services to support the Fleet Assistance and Shipboard Training (FAST) program. The award, which is for one base year with four one-year options, has a current value of $31 million that could increase to $190 million if all options are exercised. CACI will perform the work at various U.S. Navy and Marine Corps facilities stateside, overseas, and on board naval vessels. As the prime incumbent for these services for more than two decades, CACI continues to demonstrate its expertise in logistics analysis and training. Additionally, the company continues to increase its role in Navy and Marine Corps support, which is a key component of its core logistics and material readiness line of work.
The FAST program provides a wide range of support for afloat and deployable automated supply management programs and services for the Navy and Marine Corps. This support consists of on-site assistance, training, and analysis; formal training; database validation, correction, and reconciliation, and inventory reconciliation.
CACI's role is to provide FAST users with comprehensive and innovative logistics, inventory, training, and financial management solutions that help improve automated supply operations and fleet readiness. The FAST program focuses on program-level, user-level, and other functional solutions that address and resolve supply problems from an applications, systems, and training perspective. To achieve this goal, CACI's solutions apply experience, expertise, tools, and performance monitoring to meet the operational, technical, and programmatic challenges of supporting our Navy's ships, battle groups, aircraft, and Marine Corps aircraft in maintaining optimum readiness at all times. CACI also supports the design, prototyping, and evaluation of new logistics applications and concepts.
Bill Fairl, CACI's President of U.S. Operations, said "We're very pleased that, with this award, the Navy and Marine Corps continue to demonstrate such a high level of confidence in our logistics analysis and training expertise. The CACI team is proud to be able to play such a vital role in helping these armed services accomplish their missions."
According to CACI President and CEO Paul Cofoni, "Serving the nation's highest priorities has always been high on our agenda at CACI. This important award is very welcome, as it enables us to support and enhance the highest levels of readiness for the Navy and the Marine Corps as they carry out their missions around the world."
CACI provides professional services and IT solutions needed to prevail in the 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; 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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