CACI International Inc (NYSE: CACI) announced today that it has been awarded a single-award task order for one base-year and four option-years, with a ceiling value of more than $83 million, by the U.S. Navy to provide engineering, technical, and planning expertise to the Portsmouth Naval Shipyard in Kittery, Maine.
Under the task order, which the Navy awarded under its SeaPort-NxG contract vehicle, CACI engineers and technicians will provide expanded mission expertise, including planning maintenance and repair for submarines by assisting the Ships Availability Planning and Engineering Center (SHAPEC) and Deep Submergence Systems Program (DSSP). The task order is CACI’s first award under the SeaPort-NxG vehicle.
CACI technical expertise across submarine engineering disciplines, such as structural, mechanical, electrical, and combat systems, will help the Navy to safely return submarines to the fleet as quickly as possible. For example, CACI has developed the Shipyard Planning Engineering Automated Reports (SPEAR), the software tool SHAPEC uses to more effectively conduct its planning.
John Mengucci, CACI President and Chief Executive Officer, said, “CACI engineers and technicians help Navy shipyards overcome hurdles in their maintenance and repair efforts with expertise earned through long-standing support of the mission. CACI stands ready to support the Navy shipyards in any way they may need, including by providing acquisition and engineering support.”
CACI Executive Chairman and Chairman of the Board Dr. J.P. (Jack) London, said, “CACI is proud to play a critical role in helping the Navy maintain its submarine fleet and continue to project power around the world.”
CACI’s 23,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World’s Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us 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 risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2019, 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.