Arlington, Va., April 14, 2008 – CACI International Inc (NYSE:CAI) announced today that the U.S. Army has awarded the company an additional $30.6 million in new work on a recently won task order to support the Army's Project Manager, Force XXI Battle Command Brigade and Below (PM FBCB2). The competitively awarded increase now raises the value of the four-year PM FBCB2 task order to $72.6 million. CACI announced the original task order, won under the Army's Strategic Services Sourcing (S3) contract vehicle, in July 2007. With the award, CACI has now won approximately $1.2 billion in task orders since receiving the S3 contract in March of 2006.
FBCB2 forms the principal digital command and control system for the Army at the brigade level and below. Under the original award, CACI is providing program management, systems engineering, logistics, and training support for the FBCB2 Ground System. With this additional tasking, CACI will expand these services to include the FBCB2 Aviation System/Blue Force Tracking and Army Airborne Command and Control System in support of the Army's Aviation Command. Special focus will be placed on services for the Army's tens of thousands of helicopters and their essential role in supporting activities that range from battlefield engagements to humanitarian operations.
CACI's team offers proven program management services to help the Army with successful fielding of this vital technology. CACI and its partners provide technical support with solutions for systems engineering, logistics support for deployment and installation, and training services to instruct users on the system. The company's ability to provide extensive technical support to the FBCB2 program helps the Army deliver the systems cost-effectively and on time to meet critical defense goals.
Commenting on the additional funding, CACI President of U.S. Operations Bill Fairl said, "We are very excited about increasing our support for this important U.S. Army command and control system. CACI proved itself to be a valuable partner to our client, meeting the Army's additional requirements with a low-risk, cost-effective solution. We couldn't be prouder of our outstanding PM FBCB2 support team."
Paul Cofoni, CACI's President and Chief Executive Officer, said, "Our constant goal is to provide valuable solutions that increase client capabilities. The additional funding we've won on this task order with the U.S. Army is a superb demonstration of our ability to meet this goal and deliver the services our clients require to solve their most challenging problems."
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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