CACI INTERNATIONAL CONTINUES STOCK BUYBACK PROGRAM
CACI INTERNATIONAL CONTINUES STOCK BUYBACK PROGRAM ARLINGTON, Va., Dec. 23 /PRNewswire/ -- CACI International Inc.
(NASDAQ: CACIA) announced today that it is actively repurchasing its common stock. Since 1987, the company has made open market purchases of 703,900 shares of its stock. At Sept. 30, 1991, the company had 10,359,253 shares of Class A shares outstanding.
"We are buying back our shares because we believe they are undervalued and therefore represent a good investment for the company, and is consistent with the company's 'New Era' strategy, to enhance shareholder value," said Jack London, CACI chairman and chief executive officer. CACI, in its 29th year, is an international information systems and high technology services corporation. CACI is a world leader in computer-based information technology systems, custom software, integration and operations, imaging and documents management, simulation, and proprietary database and software products. CACI provides worldwide services in support of national defense agencies, civil government and commercial enterprises. CACI offices are located in major cities in North America and Western Europe. Corporate headquarters are in the metropolitan Washington D.C. area. -0- 12/23/91 /CONTACT: John H. Baker of CACI International, 703-841-7800, or John De Nigris Associates, 516-671-7300, for CACI/ (CACIA) CO: CACI International Inc ST: District of Columbia IN: CPR SU:
KD -- NY071 -- 4924 12/23/91 15:43 EST
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|Date:||Dec 23, 1991|
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