CACI Awarded $41 Million Task Order to Continue Development of Defense Agencies Initiative Solution
CACI International Inc (NYSE: CACI) announced today that it has been awarded a $41 million task order to continue as lead developer of the Defense Agencies Initiative (DAI) solution sponsored by the Defense Logistics Agency (DLA). This task order falls under the Defense Information Systems Agency (DISA) Encore II vehicle and is for one base year and three option years. It further expands and validates CACI's work and capabilities in business system solutions and government transformation.
As the Department of Defense's (DoD) largest logistics combat support agency, the DLA provides worldwide logistics, acquisition, and technical support to the military services, civilian agencies, and foreign countries. The DAI program will transform DoD's budget, finance, and accounting operations by providing a single accounting system and standard business processes for all 28 agencies and field activities in the DAI community. By giving agencies real-time access to accurate financial data, the solution will improve the timeliness and authority of financial information, ultimately allowing each agency to focus on its core mission-critical operations.
CACI has supported the DAI program for more than three years and already holds several other DAI-related task orders. For this latest task order, CACI will leverage its expertise in implementing leading-edge business systems to provide development, enhancement, and maintenance support for current and future releases of the DAI solution. CACI will also provide subject matter expertise to assess audit readiness and internal control processes, ensuring that DAI business processes contribute to a clean audit opinion for DoD agencies.
Dan Allen, CACI President of U.S. Operations, said, “This Defense Agencies Initiative task order demonstrates CACI's ability to meet the Department of Defense's financial management imperatives while delivering on-time, on-budget performance. We look forward to successfully collaborating with the Defense Logistics Agency as we work to improve the accuracy and timeliness of financial information for DoD agencies.”
According to Paul Cofoni, CACI President and Chief Executive Officer, “In today's economic environment, the Defense Agencies Initiative solution is very important to the Department of Defense as it works to reduce costs and become more efficient. CACI's continuing support of the DAI will help ensure that DoD achieves these government-wide objectives during this critical time.”
Celebrating our 50th year in business, CACI sustains an exceptional record of success by providing professional services and IT solutions needed to prevail in the areas of defense, intelligence, homeland security, and IT modernization and government transformation. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR solutions; cyber solutions; integrated security and intelligence solutions; and program management and SETA support services. CACI solutions help federal clients provide for national security, improve communications and collaboration, secure information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. A member of the Fortune 1000 Largest Companies and the Russell 2000 index, CACI provides dynamic careers for approximately 14,400 employees working in over 120 offices in the U.S. and Europe. Visit CACI on the web at www.caci.com and www.asymmetricthreat.net.
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, 2011, 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.