Arlington, Va., April 17, 2008 – CACI International Inc (NYSE:CAI) today announced the first recipients of its CACI Scholarship Program, implemented in partnership with the National Merit Scholarship Corporation (NMSC). In recognizing and rewarding students who demonstrate academic excellence, CACI's ongoing program reflects the company's long-time employee focus and corporate emphasis on supporting education.
Each year through the CACI Scholarship Program, the company sponsors five college undergraduate scholarships of $1500 per year, for up to four years of college undergraduate study. Three of these scholarships are awarded to college-bound children of full-time, permanent CACI employees. Two other scholarships are awarded to applicants outside of CACI who demonstrate excellence in the fields of science, math, or technology. Applications for the 2009 CACI Scholarships are now also being evaluated.
The CACI Scholarships are competitive and based exclusively on educational performance, as measured through testing and related demonstrations of academic proficiency. Scholarship winners are selected by NMSC, and the 2008 recipients were notified privately in messages to the students and their families. Funding begins in the Fall of 2008.
CACI also supports education through its Project Philanthropy program, through which CACI employees can assist in such initiatives as the adopt-a-school program, tutoring, science fairs, field trips, and providing technical assistance in the classroom. The company also offers educational opportunities through its award-winning CACI Virtual University and provides a tuition reimbursement program. CACI and its employees have a long history of participation in academic initiatives that help young people achieve their educational goals.
According to Paul Cofoni, CACI President and Chief Executive Officer, "CACI is pleased to partner with the National Merit Scholarship Corporation to support educational opportunities for our employees and their families. National Merit Scholarships are among the highest academic honors our high school students can attain, and we are gratified that so many CACI employees participated in the program. Education is vitally important to our nation's future, and we look forward to the contributions our scholarship recipients will make in support of America's leadership in science, math and technology."
Dr. J.P. (Jack) London, CACI Executive Chairman and Chairman of the Board, said, "The CACI Scholarship Program continues our company's history of educational support for our employees and their families, and provides an added focus on the technical skills that are critical to our country's future. Moreover, the program reflects our ongoing commitment to making CACI a productive, exciting, and rewarding place to work. Just as we support the men and women who lead our nation today, we are honored to help prepare our children to be the leaders of tomorrow."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of national security, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of national security and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 11,800 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at www.caci.com.
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 terrorist activities or war; 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 in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, 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; 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); 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; 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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