CACI International Inc ( NYSE: CACI ) announced today that it has been awarded a task order, with a ceiling value of $1.77 billion, to provide deployable analytical operations, integrated intelligence, and training services to the Joint Improvised-Threat Defeat Organization (JIDO). The five-year task order, awarded under the General Services Administration OASIS contract, represents new work for CACI in its Intelligence Services market area. The anticipated spend is estimated at $875.6 million, which the company will be recording as an increase to its total backlog.
JIDO supports Department of Defense Combatant Commands as part of the Defense Threat Reduction Agency. It provides tactical responsiveness in support of counter-terrorism, counter-insurgency, and countering improvised explosive devices. Under the contract, the CACI team will support JIDO’s critical Focused Support/Decisive Effort mission by assisting joint forces in integrating capabilities, technologies, and processes to disrupt and defeat enemy networks in locations around the globe.
John Mengucci , CACI’s Chief Operating Officer and President of U.S. Operations, said, “The Joint Improvised-Threat Defeat Organization’s mission is one of the most critical for the safety of joint forces and the populations they protect. Our globally deployed team provides time-sensitive support and sophisticated intelligence fusion technologies that have proven to be highly effective in saving lives and enabling our combatant commands to stay ahead of complex and growing threats.”
According to CACI President and Chief Executive Officer Ken Asbury , “CACI is committed to this strategic partnership with the Joint Improvised-Threat Defeat Organization and the troops they serve. With nearly 10 years in support of JIDO and its predecessor organizations, we understand the critical nature of this trusted relationship, and we are honored to lead this team of mission-focused experts. We are convinced that by integrating the best people and technologies of industry and government, we are breaking new ground in the service of our country.”
CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers. A Fortune magazine World’s Most Admired Company in the IT Services industry, CACI is a member of the Fortune 1000 Largest Companies, the Russell 2000 Index, and the S&P SmallCap600 Index. CACI’s sustained commitment to ethics and integrity defines its corporate culture and drives its success. With approximately 20,000 employees worldwide, CACI provides dynamic career opportunities for military veterans and industry professionals to support the nation’s most critical missions. Join us! 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, 2016, 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.
Source: CACI International Inc
Date: Dec 5, 2016