This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

CACI Awarded Prime Position On $140 Million Multiple-Award Contract To Modernize IT Infrastructure For Pension Benefit Guaranty Corporation

CACI International Inc ( NYSE:CACI) announced today that it has been selected as a prime contractor to modernize the Information Technology (IT) infrastructure of the Pension Benefit Guaranty Corporation (PBGC) on the IT Infrastructure Operations Services and Support (ITIOSS) contract. This five-year (one base plus four options) indefinite delivery/indefinite quantity (IDIQ) contract, which has a ceiling of $140 million, represents new work with a federal client and expands CACI’s presence in its Enterprise IT market.

PBGC is a federal agency that protects the retirement incomes of more than 44 million American workers in more than 27,500 private-sector defined benefit pension plans. On the ITIOSS contract, CACI may be awarded task orders where it may have the opportunity to upgrade, consolidate, and simplify PBGC’s IT infrastructure to align it with the organization’s business and mission requirements. This transformation will improve performance, reduce costs, increase transparency of costs and service levels, and address security deficiencies.

CACI intends to leverage its history of success in using Information Technology Infrastructure Library (ITIL®) best practices for IT service management to implement IT transformations across federal civilian agencies.

According to John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, “CACI’s innovative transformation approach and use of best practices makes us an ideal candidate to deliver success on the IT Infrastructure Operations Services and Support contract. Our proven, high-value IT solutions will assist the Pension Benefit Guaranty Corporation in safeguarding the pension plans of millions of Americans.”

CACI President and Chief Executive Officer Kenneth Asbury said, “This award from the Pension Benefit Guaranty Corporation demonstrates the continuing success of CACI’s strategy to secure positions on the large contract vehicles the government increasingly relies on to procure solutions and services. This is a new client for us with solid future business potential, and we welcome the opportunity to expand our support in the federal civilian space while strategically advancing our presence in the Enterprise IT market.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs