CACI Awarded Prime Contract on Multiple-Award Program with Potential Value of $247 Million to Suppor
CACI Awarded Prime Contract on Multiple-Award Program with Potential Value of $247 Million to Support U.S. Army Communications-Electronics Research, Development and Engineering Center
New Work Will Grow Rapid Prototyping and Technology Insertion Efforts
ARLINGTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE:CACI) announced today that it has been selected as one of two prime contractors to support rapid prototyping and technology insertion initiatives for the U.S. Army's Communications-Electronics Research, Development and Engineering Center's (CERDEC) Command, Power, and Integration Directorate (CP&ID). With a potential value of $247 million, this five-year (one base and four one-year options) indefinite delivery/indefinite quantity contract represents a mix of existing and significant new work for CACI. It further expands the company's presence in its command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) market segment.
The contract concentrates on three areas: prototyping and integration of C4ISR systems into various platforms used by all U.S. Armed Forces; research, development, and implementation of new Army/Joint mission command/command and control concepts and technologies; and research and development of technologies related to more portable and cost-efficient power sources for use by troops worldwide. The work will be performed at CACI and CERDEC facilities at Aberdeen Proving Ground in Maryland.
Key factors in this contract win include CACI's more than 25-year relationship with CERDEC and its directorates, as well as with many other Army C4ISR organizations; CACI's strategic presence, given the company's 60,000-square-foot CACI Research and Development Lab (CRaDL) facility at Aberdeen Proving Ground; CACI's continuing focus on enabling technology solutions; and the dynamic team assembled to deliver best value and support CP&ID's mission to innovate and implement solutions.
According to John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, "CERDEC's Command, Power, and Integration Directorate has long been a core business client for our C4ISR team. This win culminates more than a year of capture activity at all levels of CACI management and significantly expands support for our forces."
CACI President and Chief Executive Officer Dan Allen said, "It's clear that a key component of this new work for the Army's Communications-Electronics Research, Development and Engineering Center is the efficient processing and dissemination of information for forward operating forces. This positions us for continued growth in our C4ISR market segment and aligns with our corporate mission to provide comprehensive information solutions and services for all our government clients."
CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian clients. A member of the Fortune 1000 Largest Companies and the Russell 2000 Index, CACI provides dynamic careers for approximately 14,900 employees working in over 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, 2012, 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
David Dragics, Senior Vice President, Investor Relations
KEYWORDS: United States North America Virginia
The article CACI Awarded Prime Contract on Multiple-Award Program with Potential Value of $247 Million to Support U.S. Army Communications-Electronics Research, Development and Engineering Center originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.