September 25, 2019 | International, Aerospace
ARLINGTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE:CACI) announced today it has been awarded a more than four-year task order, with a ceiling value of $197 million, to support the U.S. Army Fixed Wing Project Office's special electronic mission aircraft flight operations worldwide.
Under the task order, CACI will use its proven technical and training solutions for operational mission support to provide 24/7 surveillance and reconnaissance assistance to U.S. and NATO forces deployed abroad. Awarded under the RS3 contract vehicle, the work represents new work for CACI.
John Mengucci, CACI President and Chief Executive Officer, said, “CACI will leverage its successful surveillance and reconnaissance expertise to provide the U.S. Army with comprehensive flight operations support. We are committed to delivering advanced technology and highly qualified personnel to meet our customers' evolving requirements.”
CACI Executive Chairman and Chairman of the Board Dr. J.P. (Jack) London, said, “CACI is prepared to advance and support the critical surveillance and reconnaissance capabilities the U.S. Army needs to accomplish its mission and safeguard our nation.”
CACI's 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 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.
CACI-Contract Award
View source version on businesswire.com: https://www.businesswire.com/news/home/20190925005100/en/
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
August 14, 2018 | International, Aerospace
Bill Carey General Atomics Aeronautical Systems (GA-ASI) will nearly quadruple the space it occupies at the Grand Sky research and development park in Grand Forks, North Dakota, the park announced Aug. ... http://aviationweek.com/air-dominance/general-atomics-expands-presence-north-dakota-rd-park
January 11, 2019 | International, Land
By: Valerie Insinna WASHINGTON — Textron's acquisition of robotics firm Howe & Howe Technologies stemmed from a late night channel surfing session, where a fortuitous viewing of “Jay Leno's Garage” turned into a big business deal. As its CEO Lisa Atherton watched the show at home with her husband, Howe & Howe's light tank drone wheeled across the screen. Textron had recently identified a gap in unmanned land vehicles, and this seemed to fit exactly the niche that the company was looking to fill. “I saw this tracked vehicle kind of flying through the woods and up and over the berms, and so I went and did a little research," Atherton told reporters on Jan. 10. Textron declared in October that it intended to purchase the Waterboro, Maine-based company. On Dec. 17, the deal was finalized, the company announced Thursday morning. The businesses have not disclosed the price or terms of the sale. Textron executives believe Howe & Howe, which specializes in innovative robotic ground vehicles, is a natural fit for their company, which is known for building unmanned systems — predominantly drones like the RQ-9 Shadow and maritime assets like the common unmanned surface vehicle that can deploy from a littoral combat ship to find mines. Meanwhile, Textron brings with it the ability to manufacture unmanned systems en masse and to support them in the field. Howe & Howe's senior vice president, Michael Howe, said his company's inventiveness, coupled with Textron's experience selling unmanned systems to the government, “makes for an extremely formidable combination.” Atherton said she is looking forward to getting Howe & Howe the investment dollars necessary to start work on new products and make existing ones more robust. “Mike and Geoff [Howe, the company's other founder] both have a ton of great ideas," she said. "They have ideas that they've sketched out in their books forever that they just haven't had the opportunity to do the investment for.” Several of Howe & Howe's robotic land vehicles have been evaluated by the U.S. Army. Its Ripsaw vehicle — the small unmanned tank seen on “Jay Leno's Garage” — has undergone testing at Picatinny Arsenal in New Jersey. But when sequestration slowed down funding of tests, the Howe brothers looked for other venues to promote it, landing the product a role in the 2015 classic “Mad Max: Fury Road.” “That speaks to their ingenuity, their ability to survive through sequestration as a small company,” Atherton said. Howe & Howe's RS2-H1 robot, invented to carry soldiers' gear, is competing against three other unmanned land vehicles for the Squad Multipurpose Equipment Transport program contract. Two Army infantry brigade combat teams and an undisclosed Marine unit are currently assessing the four contenders ahead of a downselect, Army Times reported last year. Atherton named that opportunity as one of the four big programs she's hoping Textron can win in 2019. Updated on 1/10/19 at 1:10 p.m with quotes from Textron CEO Lisa Atherton. https://www.defensenews.com/industry/2019/01/10/textron-finalizes-acquisition-of-robotics-company
October 11, 2018 | International, Land
WASHINGTON — The Army is at an inflection point. It's a statement its top leaders have acknowledged countless times in recent months as they have made the case to begin major investment in future capability. But to bring online state-of-the-art technology and weapons and equipment that will maintain overmatch against peer adversaries like Russia and China, the Army will need money. Lots of money. And that means, at some point soon, the Army will have to make difficult decisions on how long legacy weapon systems and planned upgrades for those capabilities can — or should — carry the service into the future. It is Army Secretary Mark Esper and Army Chief of Staff Gen. Mark Milley's goal and mandate to have a fully modernized Army that aligns with the service's multidomain operations doctrine by 2028. It logically follows that to get there, much has to happen in the 10 years between now and then. The Army wants longer-range fires, new combat vehicles and tanks, two new helicopters, highly capable autonomous vehicles and aircraft, a robust and resilient network tying together everything on the battlefield, a layered and more advanced air-and-missile defense capability and more lethal systems for warfighters. These capabilities all fall under the Army's top six modernization priorities, which the service laid out a year ago in an overarching modernization strategy. The Army then stood up Army Futures Command — a new four-star command — that will focus on rapidly bringing online modernized equipment and weapons that fit under the top six priorities. And it put a general officer in charge of a cross-functional team for each priority to advance prototypes and technology development. Full article: https://www.defensenews.com/digital-show-dailies/ausa/2018/10/10/inflection-point-army-wrestles-to-strike-balance-between-current-and-future-capability/