CACI Awarded $14 Million Contract to Enhance Interoperability for Department of Veterans Affairs Benefits Records Systems
ARLINGTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE:CACI) announced today that it has received a task order award to provide core development support on the Department of Veterans Affairs' (VA) Virtual Lifetime Electronic Record (VLER) program. With a value of $14 million, this 18-month (one base year plus a six-month option) contract is one of 25 that CACI has received under the $91 million VLER prime contract, which the company announced it had won in October 2010. This new work further expands the company's presence in its Healthcare market area.
VLER is an across-the-board solution that consolidates electronic health and benefits records of Armed Forces members for exchange within the VA and externally to the Department of Defense (DoD) and other federal agencies. Under the VLER Core Development task order, CACI will build the Data Access Service (DAS), a key component of VLER that will electronically move data throughout various VA and external systems, helping veterans receive their benefits faster. The company's use of flexible, modular technology to build DAS enables VLER to easily, quickly, and cost-effectively connect disparate systems.
CACI has a history of success achieving transformational benefits with large-scale healthcare systems. This includes support for numerous Military Health System applications as well as the Defense Medical Logistics Standard Support System, which enables DoD medical facilities to efficiently order and maintain medical supplies and equipment.
John Mengucci, CACI's Chief Operating Officer and President of U.S. Operations, said, "This latest task order on the Virtual Lifetime Electronic Record program leverages CACI's expertise in electronic medical and benefits records integration and data interoperability. Our support will enable servicemen and women to quickly and accurately access their health and benefits records as they transition into civilian life."
According to CACI President and Chief Executive Officer Ken Asbury, "The continuing expansion of CACI's business with the Department of Veterans Affairs demonstrates the success of our strategy to focus on the high-growth healthcare market area. Our work for the VA opens up tremendous growth potential by positioning us to support greater interoperability for electronic health record systems - a priority for the federal government."
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 and the Russell 2000 Index, CACI provides dynamic careers for approximately 15,000 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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