CACI Awarded $258 Million Task Order by the Defense Agencies Initiative Program Office

Rhea-AI Summary

CACI International Inc has been awarded a $258 million task order to enhance its support for the Defense Agencies Initiative (DAI) under the DLA's J6 Enterprise Technology Services contract. This initiative continues CACI's work in modernizing financial management and business processes for Department of Defense (DoD) agencies. The three-year project will consolidate seven contracts, supporting 27 DoD agencies and up to 88,000 users. CACI aims to leverage advanced technologies to improve operational efficiency and has a strong history of clean audits since 2017.

Positive

• Awarded $258 million task order for DAI support.
• Supports modernization of financial management processes.
• Consolidates seven contracts into one for efficiency.
• Aims to support 88,000 users with improved technologies.
• Achieved five consecutive years of clean audits since 2017.

Negative

• None.

CACI expands its support to the Defense Agencies Initiative (DAI) through the Enterprise Resource Planning (ERP) program

RESTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE: CACI) was awarded a task order worth $258 million to expand its enterprise technology support and continue modernization efforts to the Defense Agencies Initiative (DAI) program office’s financial management and end-to-end business processes.

Awarded under the Defense Logistics Agency's (DLA) J6 Enterprise Technology Services (JETS) indefinite delivery, indefinite quantity (IDIQ) contract, the task order continues CACI’s current enterprise technology support to modernize Department of Defense (DoD) business systems, ensuring DoD agencies participating in DAI meet evolving business, technology, security, and control requirements.

The company will support DAI’s process areas, including acquire to retire (A2R), cost accounting (CA), user management (UMX), time and labor (T&L), procure to pay (P2P), budget to report (B2R), budget formulation, order to cash (O2C), proposal to reward (P2R), governance, risk, and compliance (GRC), and resale accounting. CACI will also advance and improve DAI’s processes and procedures with the latest technologies to offer software and DevSecOps at-scale throughout the enterprise.

John Mengucci, CACI President and Chief Executive Officer, said, “As a trusted partner, CACI has worked in lock-step with DAI to bring the best technologies at scale to improve business processes for the DoD agencies and United States Marine Corps (USMC) they represent. CACI specializes in providing distinctive enterprise resource planning tools to transform how U.S. Government works, ultimately reducing technical debt and saving time, cost, and resources spent on future technology investments.”

The task order has a three-year period of performance and will be primarily based in Virginia and the Washington, D.C. metro area.

This task order consolidates seven previous contracts into one task order that supports 27 diverse DoD agencies with up to 73,000 total current users, and 88,000 total users after planned future deployments. Since 2009, CACI has provided technology solutions on four task orders to DAI in support of developing, deploying, integrating, sustaining, and modernizing commercial-off-the-shelf products, such as Oracle’s Enterprise Business Suite (EBS) financial system. CACI has worked with DAI to provide traceable, transparent, and compliant processes, achieving five consecutive years of clean audits from Government Fiscal Years 2017 – 2021.

About CACI
CACI’s approximately 22,000 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 500 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, 2020, 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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Corporate Communications and Media:

Jody Brown, Executive Vice President, Public Relations

(703) 841-7801, jbrown@caci.com

Investor Relations:

Daniel Leckburg, Senior Vice President, Investor Relations

(703) 841-7666, dleckburg@caci.com

Source: CACI International Inc

FAQ

What recent contract was awarded to CACI in 2023?

CACI was awarded a $258 million task order to support the Defense Agencies Initiative.

How many DoD agencies is CACI currently supporting?

CACI's task order supports 27 diverse DoD agencies.

What is the duration of the task order awarded to CACI?

The task order has a three-year period of performance.

What type of systems is CACI modernizing for the Defense Agencies Initiative?

CACI is modernizing financial management and end-to-end business processes for the DoD.

What is the expected user base growth for the DAI program with CACI's support?

The user base is expected to grow to 88,000 after planned deployments.