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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

CACI Awarded $95 Million Contract To Support Financial And Business Management System For Department Of The Interior

Stocks in this article: CACI

CACI International Inc ( NYSE:CACI) announced today that it has been awarded a prime contract with a total potential value of $95 million to continue providing operations and maintenance (O&M) support services for the Business Integration Office at the Department of the Interior (DOI). This five-year (one base plus four options) indefinite delivery/indefinite quantity (IDIQ) contract represents continuing work for CACI and strengthens the company’s presence in its high-growth Business Systems Solutions market area.

Under the terms of the contract, CACI will provide O&M support for the SAP-based Financial and Business Management System (FBMS) run by DOI’s Business Integration Office. The FBMS incorporates the majority of DOI’s financial management functions into one system, replacing and/or integrating 116 of the agency’s 177 legacy business systems and subsystems. This comprehensive, department-wide approach to improving current business function aligns with DOI’s goals of furthering modernization, integration, accountability, and customer value.

CACI’s support includes leveraging DOI investments already made, and optimizing FBMS to further support the diverse missions of the 10 business entities using it to manage their finance, budget execution, acquisition, financial assistance, property, and reporting operations. In addition to developing a keen understanding of the FBMS solution in performing this work at DOI since 2006, CACI also has provided O&M support for SAP-based solutions for the U.S. Army and U.S. Navy, giving the company deep-seated expertise in this area.

John Mengucci, CACI’s Chief Operating Officer and President of U.S. Operations, said, “CACI’s Department of the Interior team has provided outstanding delivery and attention to customer needs, affording us the opportunity to continue to support the financial system it depends on to fulfill its mission of protecting America’s great outdoors and powering our future.”

According to CACI President and Chief Executive Officer Ken Asbury, “CACI’s prime award in providing continued support for an agency-wide business management system for the Department of the Interior demonstrates our deep expertise in SAP-based systems and allows us to grow our Business Systems Solutions market area. Customers can count on us to provide solutions and services that optimize business operations and allow agencies to fulfill their critical missions to the American people while using taxpayer funding as efficiently and carefully as possible during a time of smaller government budgets.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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