CACI Completes Strategic Acquisition of LGS Innovations

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CACI International Inc (NYSE: CACI) announced today that it has completed its transaction with affiliates of Madison Dearborn Partners and CoVant Management to acquire LGS Innovations, a leading provider of real-time spectrum management, C4ISR, and cyber products and solutions to the Intelligence Community and Department of Defense. The strategic acquisition complements CACIs January purchase of Mastodon Design and accelerates CACIs growth in its Intelligence Systems and Support, Space Operations and Resiliency, Communications, and Cyber Security market areas.

The combined purchase price of LGS and Mastodon Design, which closed January 28, 2019, is expected to be $975 million, or $835 million net of transaction-related tax benefits worth $140 million on a net present value basis. We anticipate the two transactions will be accretive to net income and earnings per share, excluding $17 million of one-time pre-tax transaction costs, virtually all of which will be recorded in CACIs fiscal third quarter.

Dr. J.P. (Jack) London, CACI Executive Chairman and Chairman of the Board, said, We welcome the highly skilled and inventive LGS Innovations employees to CACIs own team of talented innovators. We share a cultural commitment to integrity and ethics that will further drive excellence for our customers and long-term value for our shareholders.

According to Ken Asbury, CACI President and Chief Executive Officer, CACIs acquisition of LGS Innovations is the next step in our established strategy to invest in and expand our offerings in signals intelligence, electronic warfare, and cyber products and solutions. Our collective strengths give CACI a significant competitive advantage in our marketplace and meet our governments need for agile innovation in developing and deploying advanced capabilities to our warfighters.

CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers. A Fortune Worlds Most Admired Company, CACI is a member of the Fortune 1000 Largest Companies, the Russell 2000 Index, and the S&P MidCap 400 Index. CACIs sustained commitment to ethics and integrity defines its corporate culture and drives its success. With approximately 20,000 employees worldwide, CACI provides dynamic career opportunities for military veterans and industry professionals to support the nations most critical missions. Join us! 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 CACIs Annual Report on Form 10-K for the fiscal year ended June 30, 2018, 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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