CACI Awarded $20 Million Contract to Continue Readiness Based Sparing Support for Naval Supply Systems Command
CACI International Inc (NYSE:CACI) announced today that it has been awarded a prime contract to continue providing Readiness Based Sparing (RBS) solutions for the Naval Supply Systems Command (NAVSUP). With an anticipated ceiling value of $20 million, this three-year (one base plus two options) indefinite delivery/indefinite quantity contract expands CACI's business in logistics and material readiness solutions.
The NAVSUP mission is to deliver sustained global logistics capabilities to the Navy and joint forces. Using RBS solutions, the Navy keeps key equipment and systems mission ready through enhanced inventory management.
The CACI team has been a leader in developing and implementing innovative RBS tools and techniques for more than 25 years. CACI helped the Navy move from traditional demand-based inventory solutions to a comprehensive decision support system that leverages cost, reliability, maintainability, and response time for continuously improving inventory management. CACI's RBS solutions are powerful enough to be used to evaluate the results of conventional logistics information systems, and flexible enough to interface with legacy supply/logistics systems. The result has enabled the Navy to reduce costs while achieving specific goals for maintaining critical supplies and equipment.
John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, said, “This latest Readiness Based Sparing award continues a partnership with the Naval Supply Systems Command that will take us to 30 years of continuous RBS support upon contract completion. We believe this is great confirmation that our operational excellence and solid customer relationships make us a provider of choice.”
According to CACI President and Chief Executive Officer Dan Allen, “CACI has pioneered solutions that constantly evolve to help keep our Armed Forces informed, equipped, and mission ready. Our focus on these enduring requirements, coupled with our agility in responding to emerging customer needs, enables us to sustain CACI's growth in a large addressable market and offer innovative solutions and trusted services for our nation's most important missions.”
CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian clients. A member of the Fortune 1000 Largest Companies and the Russell 2000 Index, CACI provides dynamic careers for approximately 14,900 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.