CACI (NYSE:CACI) Awarded Prime Position on $497 Million Multiple-Award Contract to Provide Communications and Networking Services to U.S. Army
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ARLINGTON, Va. - February 24, 2014 (www.investorideas.com newswire) CACI International Inc (NYSE:CACI) announced today that it has been selected as a prime contractor to provide communications and network services to the U.S. Army's Communications-Electronics Research, Development and Engineering Center (CERDEC) Space and Terrestrial Communications Directorate (S&TCD). CACI received this five-year (three base plus two options) multiple-award indefinite delivery/indefinite quantity (IDIQ) contract in the second quarter of its fiscal year 2014, ending December 31, 2013. The contract has a ceiling value of $497 million, represents new work, and expands CACI's presence in its high-volume C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) market area.
"This new work in communications and networking services positions us to expand our business in our high-volume C4ISR market area. CACI's proven technical solutions and program management methodology offer the U.S. Army the necessary support to keep the troops connected and safe by securing wireless military communications and networking technologies."
CERDEC develops and integrates C4ISR technologies that enable information dominance and decisive lethality for the networked troops. The Space and Terrestrial Communications Directorate (S&TCD), part of the CERDEC, provides secure wireless military communications and networking technologies by assuring connectivity over longer ranges and diverse terrain while in motion, boosting capacity to meet the increasing demands to the tactical edge and ensuring cyber security across the enterprise.
Under the terms of the contract, CACI will provide research, development and evaluation in support of communications and networks systems under the five S&TCD Division technology areas including antennas, system engineering, satellite communication, cybersecurity, and communications networks. CACI has proven success with S&TCD providing innovative, effective and cost savings solutions by filling the gap from industry and militarize established, commercially available solutions.
John Mengucci, CACI's Chief Operating Officer and President of U.S. Operations, said, "This new work in communications and networking services positions us to expand our business in our high-volume C4ISR market area. CACI's proven technical solutions and program management methodology offer the U.S. Army the necessary support to keep the troops connected and safe by securing wireless military communications and networking technologies."
According to CACI President and Chief Executive Officer Ken Asbury, "CACI's award of a prime position on this large, complex communications and networking services program for the U.S. Army is a powerful testament to the expertise and services we provide in the C4ISR market area. We continue to align our solutions and services with our customers' missions to safeguard our nation in the face of today's threats and keep our Armed Forces informed, equipped, and mission-ready."
CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers. A member of the Fortune 1000 Largest Companies, the Russell 2000 Index, and the S&P SmallCap 600 Index, CACI provides dynamic careers for over 15,800 employees in 120 offices worldwide. Visit 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 risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2013, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.
CACI International Inc Corporate Communications and Media: Jody Brown, Executive Vice President, Public Relations 703-841-7801 email@example.com
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