CACI Wins $2.25 Billion Defense Counterintelligence and Security Agency Background Investigation Fieldwork Contract

Rhea-AI Summary

CACI International Inc has secured a $2.25 billion contract with the Defense Counterintelligence and Security Agency (DCSA) to provide background investigation services over the next five years. This single-award contract continues CACI's long-standing partnership with DCSA, where it has conducted critical security clearance investigations. More than 1,000 background investigators will be involved in the 2 million annual investigations overseen by DCSA across all states and territories.

Positive

• Awarded a $2.25 billion contract with DCSA, enhancing revenue potential.
• Continues a long-term partnership with DCSA, reinforcing CACI's reputation.
• Engagement of over 1,000 background investigators, contributing to job security.

Negative

• None.

RESTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE: CACI) has been awarded the Defense Counterintelligence and Security Agency (DCSA) Background Investigation Fieldwork Services Contract, a five-year single-award indefinite delivery/indefinite quantity contract valued at $2.25 billion, to provide background investigation capabilities to the DCSA.

CACI has a long-standing partnership with the DCSA and has supported national security by performing security clearance background investigations for three previous, consecutive iterations of the contract. DCSA is currently responsible for conducting more than two million background investigations per year on civilian and military applicants and Federal employees or employees of Government contractors and consultants to Federal programs. Under this enterprise technology contract, more than 1,000 of CACI’s background investigators will conduct these initial investigations and periodic reinvestigations nationwide.

John Mengucci, CACI President and Chief Executive Officer, said, “CACI brings more than 17 years of experience in conducting background investigations to DCSA. Our tenured background investigators are the first line of defense in identifying threats to our national security and preventing infiltration of our government facilities. CACI’s support is crucial to securing the trustworthiness and integrity of the U.S. Government’s workforce.”

Work will be performed in all 50 states, Washington, D.C., and all commonwealths and U.S. Trust Territories.

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 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 that do not address historical facts, and therefore could be interpreted as 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, 2022, 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.

CACI-Contract Award

View source version on businesswire.com: https://www.businesswire.com/news/home/20230105005978/en/

Corporate Communications and Media:

Lorraine Corcoran

Executive Vice President, Corporate Communications

(703) 434-4165, lorraine.corcoran@caci.com

Investor Relations:

Daniel Leckburg

Senior Vice President, Investor Relations

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

Source: CACI International Inc

FAQ

What is the new CACI contract with DCSA about?

CACI has been awarded a $2.25 billion contract to provide background investigation services to the Defense Counterintelligence and Security Agency.

How long is the CACI DCSA contract?

The contract is for five years.

How many investigations will CACI conduct under the DCSA contract?

CACI will conduct initial investigations and periodic reinvestigations as part of the DCSA's oversight of over 2 million background investigations annually.

What has CACI's experience been in conducting background investigations?

CACI has over 17 years of experience in conducting background investigations for DCSA.

How many background investigators will CACI employ for the DCSA contract?

CACI will engage more than 1,000 background investigators nationwide.