ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that the Naval Sea Systems Command (NAVSEA) has awarded the company a prime position on a multiple-award, indefinite delivery/indefinite quantity contract, with a ceiling value of $249 million, to provide analyses and initiatives that improve effectiveness, efficiency, and affordability in ship design, manufacturing, and lifecycle support.
Mission expertise provided under the four-year Systems Level Cost Analysis with Total Ownership Cost Modeling contract (CATOC) will focus on delivering maximum cost savings to the Navy as the service seeks to meet emerging threats, increase readiness, and achieve savings across its shipbuilding plan.
CACI engineers and analysts will leverage commercial shipbuilding practices and acquisition models to deliver those savings. For example, CACI engineers plan to leverage their digital twin shipyard production model, continuous improvement repair program, and adapted commercial-off-the-shelf technical solutions to increase efficiencies. Additionally, CACI analysts are prepared to modernize Navy data management and acquisition forecasting techniques.
John Mengucci, CACI President and Chief Executive Officer, said, “CACI is uniquely positioned to provide the expertise the Naval Sea Systems Command needs to achieve its goals of building a larger fleet at a lower cost.”
CACI Executive Chairman and Chairman of the Board Dr. J.P. (Jack) London, said, “The U.S. Navy is CACI’s longest-standing customer, and we look forward to helping the fleet maintain its technical and tactical advantages.”
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.