CACI Announces Common Share Repurchase Program
Board Authorizes up to $175 Million to Repurchase Shares
ARLINGTON, Va.--(BUSINESS WIRE)--
CACI International Inc (NYSE: CACI), a leading professional services and
information technology solutions provider to the federal government,
announced that its Board of Directors has authorized the expenditure of
up to $175,000,000 for the purchase of the Company's common stock.
The timing and amount of purchases will be as determined by management
in consultation with the Board and in such manner as will comply with
the provisions of the Securities Exchange Act of 1934 and the applicable
rules and regulations. The timing and actual number of shares
repurchased will depend on a variety of factors, including price,
corporate and regulatory requirements, and other market conditions.
About CACI
CACI provides professional services and IT solutions needed to prevail
in the areas of 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 solutions; 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 13,700 employees working
in over 120 offices in the U.S. and internationally. 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; 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
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 audits and
reviews conducted by the Defense Contract Audit Agency, the Defense
Contract Management Agency, or other government entities with cognizant
oversight; the insourcing of contractor positions by the government;
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 International Inc
Corporate Communications and Media:
Jody
Brown, Executive Vice President, Public Relations
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
News Provided by Acquire Media
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