CACI Announces Intent to Acquire L-3 National Security Solutions, Inc.
08 Dicembre 2015 - 2:00PM
Business Wire
Acquisition Adds Considerable Depth and
Breadth in Enterprise IT, Intelligence Services and Key Market
Areas
CACI International Inc (NYSE MKT: CACI) announced today that it
has signed a definitive agreement to acquire the outstanding stock
of L-3 National Security Solutions, Inc. (L-3 NSS), a prime mission
partner to the Department of Defense (DoD), intelligence agencies,
and the U.S. Federal Civilian Government. The purchase price is
$550 million and closing is anticipated during CACI’s third
quarter, ending March 2016, subject to regulatory approvals.
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, and is expected to add approximately $1 billion of
annual revenue to CACI. CACI will finance the transaction through a
combination of term and revolving debt. The acquisition will
significantly expand CACI’s opportunities in its Enterprise IT,
Intelligence Services and key market areas. It is expected to be
accretive in CACI’s Fiscal Year 2016, excluding one-time
transaction expenses, and at least 10% accretive to both CACI’s
Fiscal Year 2017 GAAP and diluted adjusted earnings per share.
Dr. J.P. (Jack) London, CACI Executive Chairman and Chairman of
the Board, noted, “Our long and successful history of acquisitions
has delivered solid benefits for customers and employees of both
CACI and the acquired companies while providing long-term value to
our shareholders. The corporate culture of NSS fits ideally with
the principles of CACI’s culture – an unwavering commitment to good
character, integrity, ethics, and innovation.”
Ken Asbury, CACI President and Chief Executive Officer, said,
“The NSS acquisition strongly reinforces our strategic growth plan.
I am confident the complementary, high-end solutions gained will
strengthen our competitive position. This transaction adds depth
and breadth to our intelligence, cyber, and C4 solutions and
services to meet our nations’ evolving and most critical national
security challenges. We welcome the highly skilled, experienced,
and exceptionally talented NSS employees to CACI.”
According to John Mengucci, CACI Chief Operating Officer and
President of U.S. Operations, “The acquisition of NSS will
strengthen our capabilities in key market areas and allow us to
offer a broader array of IT solutions to our customers. We expect
NSS’s deep subject-matter expertise and proven technologies to
provide significant advantages in pursuing and priming larger
opportunities, with a strong focus on delivering excellence,
quality, and value to our customers.”
Conference Call Information
CACI has scheduled a conference call for 11:00 AM Eastern Time
Tuesday, December 8, 2015, during which members of our senior
management team will be making a brief presentation and followed by
a question-and-answer session. You can listen to the conference
call and view the accompanying exhibits over the Internet by
logging on to our homepage, www.caci.com, at the scheduled time, or
you may dial (888) 771-4371 and enter the confirmation code
41390510. A replay of the call will also be available and can be
accessed through our homepage (www.caci.com) by clicking on the
CACI Investor Info button.
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 16,300 employees in 120 offices 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
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151208005797/en/
CACI International IncCorporate Communications and Media:Jody
Brown, 703-841-7801Executive Vice President, Public
Relationsjbrown@caci.comorInvestor Relations:David Dragics,
866-606-3471Senior Vice President, Investor
Relationsddragics@caci.com
Grafico Azioni CACI (NYSE:CACI)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni CACI (NYSE:CACI)
Storico
Da Lug 2023 a Lug 2024