ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE MKT: CACI) announced today that it has been awarded a $34 million prime contract to continue implementing a federal financial management and accounting solution as part of the Defense Agencies Initiative (DAI). This three-year contract represents ongoing business in CACI’s Business Systems market area.
DAI is a critical Department of Defense (DoD) effort to transform the budget, finance, and accounting operations of most DoD defense agencies. Under this contract, CACI will implement an Oracle® enterprise resource planning solution to standardize federal financial management and accounting systems and ensure compliance with federal and DoD financial management regulations and policies. This solution will consolidate multiple legacy systems into a single platform, and will be used by numerous agencies across DoD.
CACI Chief Operating Officer and President of U.S. Operations John Mengucci said, “CACI’s streamlining of financial management systems for defense agencies will enhance the quality of financial decision-making, support auditability, and reduce costs associated with maintaining legacy systems.”
According to Ken Asbury, CACI’s President and Chief Executive Officer, “CACI has a long-standing partnership with the Department of Defense in implementing financial systems that meet the complex needs of the federal environment. With deep domain knowledge and innovative techniques, we are helping agencies across DoD support more effective and efficient business systems.”
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 provides dynamic careers for over 20,000 employees 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, 2015, 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.
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