CACI Awarded Prime Position on $140 Million Multiple-Award Contract to Modernize IT Infrastructure for Pension Benefit Guaranty Corporation
ARLINGTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE:CACI) announced today that it has been selected as a prime contractor to modernize the Information Technology (IT) infrastructure of the Pension Benefit Guaranty Corporation (PBGC) on the IT Infrastructure Operations Services and Support (ITIOSS) contract. This five-year (one base plus four options) indefinite delivery/indefinite quantity (IDIQ) contract, which has a ceiling of $140 million, represents new work with a federal client and expands CACI's presence in its Enterprise IT market.
PBGC is a federal agency that protects the retirement incomes of more than 44 million American workers in more than 27,500 private-sector defined benefit pension plans. On the ITIOSS contract, CACI may be awarded task orders where it may have the opportunity to upgrade, consolidate, and simplify PBGC's IT infrastructure to align it with the organization's business and mission requirements. This transformation will improve performance, reduce costs, increase transparency of costs and service levels, and address security deficiencies.
CACI intends to leverage its history of success in using Information Technology Infrastructure Library (ITIL®) best practices for IT service management to implement IT transformations across federal civilian agencies.
According to John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, "CACI's innovative transformation approach and use of best practices makes us an ideal candidate to deliver success on the IT Infrastructure Operations Services and Support contract. Our proven, high-value IT solutions will assist the Pension Benefit Guaranty Corporation in safeguarding the pension plans of millions of Americans."
CACI President and Chief Executive Officer Kenneth Asbury said, "This award from the Pension Benefit Guaranty Corporation demonstrates the continuing success of CACI's strategy to secure positions on the large contract vehicles the government increasingly relies on to procure solutions and services. This is a new client for us with solid future business potential, and we welcome the opportunity to expand our support in the federal civilian space while strategically advancing our presence in the Enterprise IT market."
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 15,500 employees working in over 120 offices worldwide.
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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