CACI Awarded $43 Million Contract
CACI International Inc (NYSE: CACI) announced today that it has been awarded a $43 million contract to provide analytical and programmatic services to support installation and environmental requirements for the U.S. Navy. This contract, which is for one base year and one option year, was awarded under the SeaPort-e contract vehicle that CACI received in 2004. The contract represents significant new work as a successful extension of CACI's environmental and safety support for the Navy and Department of Homeland Security (DHS), further expanding the company's presence in its Logistics and Material Readiness market segment. CACI will provide services for the Navy Region Marianas (Guam) and the Naval Facilities Engineering Command (NAVFAC) Pacific, the Air Force, which includes Hickam Air Force Base (AFB), and other select Department of Defense (DoD) and federal agencies. CACI's work will concentrate on four key areas: environmental planning support, acquisition program management support, modeling and simulation support, and program management. CACI solutions will provide assistance with environmental, safety, and health planning and compliance, such as BRAC, mission planning, acquisition programs, operational and training activities, and facilities projects. CACI will support the Navy to achieve strategic initiatives in the Pacific Rim. Key factors in this contract win include CACI's more than 15-year relationship with the Navy supporting the service's environmental requirements. CACI's position as an industry leader and its diverse group of subject matter experts presents the Navy with a strong team of strategic partners to ensure critical mission sustainability while minimizing environmental impacts. According to John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, “CACI's work will help the U.S. Navy efficiently and effectively respond to the dynamic environment of the Pacific Rim's vulnerable ecosystem. At the same time, our solutions will assist the Navy as it realigns its mission in this region.” CACI President and Chief Executive Officer Dan Allen said, “CACI's services for the U.S. Navy Environmental and Installation Analysis and Program Support position us for continued growth in our Logistics and Material Readiness market segment. This work demonstrates the success of our strategy to remain continually focused on both our traditional and high-growth market segments to serve our clients and deliver shareholder value.”
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.