ARLINGTON, Va. , May 12 /PRNewswire-FirstCall/ -- The Wexford Group
International, a wholly owned company of CACI International Inc (NYSE: CAI),
announced today that the company has been awarded a five-year prime contract
to continue its support for the Joint Improvised Explosive Device Defeat
Organization (JIEDDO). This is one of four awards for this indefinite
delivery/indefinite quantity contract, which has a ceiling value of
approximately
JIEDDO leads all Department of Defense organizations in countering improvised explosive devices (IEDs), via a three-pronged strategy for defeating IEDs: attack the network, defeat the device, and train the force. JIEDDO integrates its efforts with all the Armed Services, the Intelligence Community, interagency organizations, and public and private partners.
CACI currently provides JIEDDO with consulting, training, and related services in direct support of both decision-makers and warfighters in the field. The company's ability to deliver expert training, assessment, and analysis helps assure mission goals are met successfully, effectively, and on time. The company has been working with JIEDDO and its predecessors since November 2003 .
Bill Fairl , CACI President of U.S. Operations, said "Through our acquisition of the Wexford Group and its unique history of support for the Joint Improvised Explosive Device Defeat Organization, we have a deep understanding of JIEDDO's critical mission. This enables us to provide proven services that help JIEDDO evaluate, develop, test, and deliver the solutions our warfighters need to defeat IEDs and neutralize IED networks."
According to Paul Cofoni , CACI President and Chief Executive Officer, "We are extremely proud to have the Wexford Group International on our CACI team, providing unmatched expertise that has enabled us to expand the integrated security and intelligence solutions we offer our clients. This award is an important opportunity for CACI to increase our support for America's highest priorities and provide valuable solutions that counter terrorist threats and directly serve and protect our warfighters."
CACI International Inc provides the professional services and IT solutions needed to prevail in today's defense, intelligence, homeland security and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; information assurance, information operations, and cyber security services; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 11,800 employees working in over 120 offices in the U.S. and Europe . CACI is the IT provider for a networked world. Visit CACI on the web at http://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 following: the accretiveness of the Dragon Development Corporation and Athena Innovative Solutions, Inc. transactions to our earnings; regional and national economic conditions in the United States and the United Kingdom , including conditions that result from terrorist activities or war; changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq ; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq ; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
For investor information contact: David Dragics, Senior Vice President, Investor Relations (866) 606-3471, [email protected] For other information contact: Jody Brown, Executive Vice President, Public Relations (703) 841-7801, [email protected]SOURCE CACI International Inc
