CACI Acquires LTC Engineering Associates, Inc.
April 01 2015 - 3:12PM
Business Wire
Acquisition Expands Software Engineering,
Cybersecurity, Signals and Communications Intelligence, and Digital
Signal Processing Capabilities
CACI International Inc (NYSE:CACI) announced today that it has
acquired LTC Engineering Associates, Inc., a highly specialized
provider of technical engineering solutions and services to the
Intelligence and Department of Defense communities in the areas of
software engineering, cybersecurity, signals intelligence (SIGINT)
and communications intelligence (COMINT), and digital signals
processing. The transaction expands CACI’s capabilities in its
C4ISR (command, control, communications, computers, intelligence,
surveillance, and reconnaissance), Intelligence, and Cyber market
areas. Terms of the transaction were not disclosed.
Headquartered in Florida, LTC employs approximately 50 uniquely
skilled and deeply experienced associates. The company’s calendar
year 2014 revenue was $16 million. The acquisition is expected to
be slightly accretive, given its relative size, to CACI’s earnings
per share during its first 12 months.
Dr. J.P. (Jack) London, CACI Chairman of the Board, noted,
“CACI’s acquisition of LTC Engineering Associates, Inc. continues
our highly successful mergers and acquisition program and is a key
component of our strategic growth plan. This acquisition positions
CACI with expanded capabilities to deliver innovative and in-demand
solutions and services for our customers’ highest-priority national
security and defense challenges. Our companies also share a strong
commitment to integrity, ethics, and quality in everything we do.
We welcome the talented associates at LTC to CACI.”
Ken Asbury, CACI President and Chief Executive Officer, said,
“Both CACI and LTC are well positioned to support national
intelligence and defense missions that require innovative solutions
and services. The LTC transaction is a perfect follow-on and
synergistic to our Six3 acquisition in November 2013, adding
innovative and complementary security and communications
capabilities to counter global threats and meet our nation’s
evolving needs in national security. The capabilities of LTC,
combined with CACI’s, will bring a unique set of harmonious
solutions with significant value to our customers’ most critical
missions, help drive our growth, and deliver value to our
shareholders.”
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 successful closing and integration of our
acquisition of LTC Engineering Associates Inc., actual revenue and
earnings realized by LTC Engineering Associates Inc. and the
performance of the LTC Engineering Associates Inc., as well as the
risk factors set forth in CACI’s Annual Report on Form 10-K for the
fiscal year ended June 30, 2014, 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
CACI International IncCorporate Communications and Media:Jody
Brown, Executive Vice President, Public
Relations703-841-7801jbrown@caci.comorInvestor Relations:David
Dragics, Senior Vice President, Investor
Relations866-606-3471ddragics@caci.com
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