CACI Inc., based in Virginia with offices in San Diego, is one of three companies receiving U.S. Navy electronics contracts that could be worth tens of millions of dollars.
The three-year deal, which the Pentagon announced March 28, is worth a maximum of $42.4 million, or $71 million if the government extends the contract for two additional years.
The deal is an indefinite quantity, indefinite delivery contract. CACI (NYSE: CACI) will now have to bid for task orders against two other companies: Honeywell (NYSE: HON) and the Serco subsidiary of Serco Group PLC (LSE: SRP).
Under the deals, the contractors will provide life cycle sustainment, integration, acquisition and technical support for electronic surveillance systems used to protect Department of Defense and other U.S. government facilities against enemies and terrorists. Some 40 percent of the work will be done at government facilities and platforms in the United States and worldwide. The balance will be done at CACI facilities.
The Space and Naval Warfare Systems Center Pacific in Point Loma, aka Spawar Systems Center Pacific, awarded the contract. The deal was procured through the Federal Business Opportunities website and the Spawar e-commerce central website, with three proposals received.