CACI Awarded $70 Million Contract to Provide IT Support to Department of Housing and Urban Development
ARLINGTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE:CACI) announced today that it has been awarded a $70 million task order contract to continue providing information technology (IT) and software development support to the U.S. Department of Housing and Urban Development's (HUD) Office of Community Planning and Development (CPD). The award was issued against the General Services Administration (GSA) Alliant Government-wide Acquisition Contract vehicle. This award reinforces CACI's diverse portfolio of business in the federal civilian sector.
The HUD CPD Office seeks to develop viable communities by promoting integrated approaches that provide decent housing, a suitable living environment, and expand economic opportunities for low and moderate income persons. CPD administers programs with over $7 billion in community development and assistance grants annually. CACI is providing software development and general IT support to maintain, enhance, and increase the efficiency of CPD's grant management systems.
CACI has been delivering on this program since 2007 and is uniquely qualified to perform this work. The company has successfully implemented several of the grant management systems that CPD continues to use today, and CACI's wide-ranging functional and technical expertise and familiarity with HUD's reporting software further qualify it to provide high-value solutions that will continue to benefit HUD and its grantees.
According to John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, "The CACI team brings proven technical and management experience that provides significant business value for the U.S. Department of Housing and Urban Development. Our IT services will help enhance operations, increase productivity, and reduce costs."
CACI President and Chief Executive Officer Dan Allen said, "This award grows CACI's work in our Enterprise IT market segment and continues our support for the U.S. Department of Housing and Urban Development's efforts to expand economic opportunities and better the lives of our nation's citizens. Our ongoing business in the federal civilian market is a strong example of the diversity of CACI's clients and our success in providing transformation solutions that help government agencies increase efficiency and best serve all Americans."
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.
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