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4-Traders Homepage  >  Equities  >  Nyse  >  CACI International Inc    CACI

Delayed Quote. Delayed  - 08/29 10:02:03 pm
99.1 USD   +0.42%
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CACI International Inc : CACI Awarded $165 Million Prime Contract to Support Procurement Initiatives Across the Department of Defense

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06/05/2012 | 02:10pm CEST

Ongoing Work Utilizes Company's Proven Standard Procurement System to Provide Decentralized Purchasing Capability for All DoD Components

CACI International Inc (NYSE:CACI) announced today that it has been awarded a $165 million prime contract to support the Department of Defense (DoD) with procurement initiatives through the company's Standard Procurement System (SPS). The single-award, indefinite delivery/indefinite quantity (IDIQ) contract is for five years (one base year and four option years) and continues the SPS services CACI has been providing through previous awards.

CACI's work on the contract will automate procurement activities and offer decentralized purchasing capability for all DoD components. The award of the prime contract was accompanied by an order in the amount of $3 million to provide customer support services to U.S. Air Force SPS users.

SPS provides the full range of contract management capabilities to the procurement community across the DoD enterprise, while integrating with financial logistics and other business systems. In the 2011 fiscal year alone, SPS processed more than 875 million transactions totaling over $190 billion in value.

CACI provides acquisition and procurement solutions throughout the federal sector and oversees the largest installed base of acquisition solutions within DoD. This has positioned the company as a leader in acquisition domain expertise. This broad knowledge base, obtained through the SPS Program in addition to other acquisition systems, has positioned CACI to work with a leading enterprise resource planning (ERP) provider to produce an overall solution capable of meeting the government's current and future procurement needs.

According to Dan Allen, CACI President of U.S. Operations, "This significant award from the Department of Defense illustrates the high level of confidence it has in the capabilities of our Standard Procurement System. Now deployed and installed at nearly 800 sites worldwide, SPS is an important tool in transforming the federal procurement process within the department."

CACI President and Chief Executive Officer Paul Cofoni said, "As the cornerstone for the Department of Defense's paperless acquisition initiative, our Standard Procurement System offers huge cost savings, efficiency, and consistency across the department. Certainly of equal importance, SPS enhances the efficiency of the purchasing process to speed the flow of critically important equipment and technology to our servicemen and women deployed overseas."

Celebrating our 50th year in business, CACI sustains an exceptional record of success by providing professional services and IT solutions needed to prevail in the areas of defense, intelligence, homeland security, and IT modernization and government transformation. We deliver business system solutions; C2 solutions; cyberspace solutions; enterprise IT solutions; geospatial solutions; healthcare IT solutions; identity management solutions; integrated security solutions; investigation and litigation support; ISR solutions; knowledge management solutions; logistics and material readiness; mobility solutions; and program management and SETA support. CACI solutions help federal clients provide for national security, improve communications and collaboration, secure information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. A member of the Fortune 1000 Largest Companies and the Russell 2000 index, CACI provides dynamic careers for approximately 14,600 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 risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2011, 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-Contract

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


© Business Wire 2012
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Average target price 105 $
Spread / Average Target 6,6%
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Kenneth Asbury President, Chief Executive Officer & Director
Jack Phillip London Executive Chairman
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