Significantly Expands Opportunities in Enterprise IT, Intelligence
Services, Key Market Areas
CACI International Inc (NYSE
MKT: CACI) announced today that it has completed its transaction to
acquire the outstanding stock of L-3 National Security Solutions, Inc.
(NSS), a prime mission partner to the Department of Defense (DoD),
intelligence agencies, and the U.S. Federal Civilian Government. The
acquisition will significantly expand CACI’s opportunities for business
growth in its Enterprise
IT, Intelligence
Services, and other key market areas.
With a purchase price of $550 million, the transaction is expected to
add approximately $1 billion of annual revenue to CACI. It is expected
to be accretive in CACI’s Fiscal Year 2016, excluding one-time
transaction expenses, and at least 10 percent accretive to both GAAP and
diluted adjusted earnings per share for CACI’s Fiscal Year 2017. CACI
will be providing revised Fiscal Year 2016 guidance, including the
effects of the NSS transaction, when it releases its second quarter FY16
results on February 3, 2016.
Headquartered in Reston, Virginia, NSS provides highly specialized and
differentiated strategic solutions, services, and products for the
country’s most sensitive national security agencies and DoD critical
missions. NSS employs approximately 4,000 professionals worldwide, of
whom over 90 percent possess security clearances.
Dr. J.P. (Jack) London, CACI Executive Chairman and Chairman of the
Board, said, “We welcome the highly skilled and experienced employees
from National Security Solutions to CACI’s team of talented and
dedicated professionals. The combined expertise of our organizations is
underscored by our shared cultural commitment to good character and
ethics. Together, we will further drive excellence and innovation for
our customers and long-term value for our shareholders.”
According to Ken Asbury, CACI President and Chief Executive Officer,
“CACI’s acquisition of National Security Solutions is of great strategic
value to our company. Our collective strengths and capabilities will
enhance CACI’s pursuit of higher value opportunities, provide a
significant competitive advantage in pursuing and priming larger
opportunities, and give us outstanding credentials to compete for and
win next-generation IT programs across the federal marketplace.”
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.
CACI-Acquisition
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