ARLINGTON, Va. , Feb. 11 /PRNewswire-FirstCall/ -- CACI International Inc (NYSE: CAI) announced today that it has been awarded a prime contract to support the U. S. Army's Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI). CACI received one of 118 prime awards under the PEO STRI Omnibus Contract II (STOC II) contract vehicle, which has an overall ceiling value of
PEO STRI is a DoD center of excellence in providing responsive, interoperable services to enhance simulation, training, testing, and acquisition solutions to help warfighters hone their skills, rehearse their missions, and return safely when their missions are complete. PEO STRI responds quickly to critical, emerging requirements with innovative acquisition and technology solutions that help enhance simulation capabilities throughout the U.S. Armed Services.
CACI will draw upon solutions developed by its C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance) core competency, as well as related disciplines throughout the company and extensive legacy experience gained since the company's founding. For over 46 years, CACI has provided modeling and simulation, training, instrumentation, testing, engineering, technical, management, and professional support services for customers from all branches of the DoD, Department of Justice, Department of State, and other federal agencies.
Simulating networks, battlefield conditions, search and rescue scenarios, and realistic team mission training are all everyday uses for CACI's visionary suite of simulation services. The company's Distributed Simulation Lab offers high-level, architecture-compliant solutions for all defense applications and its simulation-based acquisition services are helping the DoD to improve procurement processes across all armed services and agencies.
According to Bill Fairl , CACI President of U.S. Operations, "CACI is very pleased that this new award expands our strong relationship with the Army's Program Executive Office for Simulation, Training, and Instrumentation. It offers a key opportunity to enhance support for the vital missions the program provides for warfighters."
Paul Cofoni , CACI President and Chief Executive Officer, said, "The vital modeling and simulation capabilities that CACI is able to provide through this award from PEO STRI offer the added benefit of supporting efforts in homeland security and asymmetric warfare. This is an important step in providing our nation with expanded capabilities to help meet the challenges of global terrorism."
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; cyber security, information assurance, and information operations; 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 12,500 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 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: 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.
SOURCE CACI International Inc