ARLINGTON, Va.--(BUSINESS WIRE)--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.
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