CACI International Inc (NYSE: CACI) announced today it has acquired Ascent Vision Technologies, LLC (AVT), a leading provider of technology and solutions that support multi-domain intelligence, surveillance, and reconnaissance (ISR), unmanned aircraft system (UAS), air defense, and counter-unmanned aircraft system (c-UAS) operations.
AVT provides low size, weight, power and cost (SWAP-C) electro-optical, infrared (EO/IR) imaging systems designed for airborne, ground, and maritime platforms, delivering effective ISR and target acquisition capabilities for day and night operations.
This proprietary imaging technology is utilized in AVT’s X-MADIS system, an on-the-move, mobile and fixed site, c-UAS solution that detects, locates, tracks, identifies, and defeats UAS threats. X-MADIS integrates radar, AVT’s gyro-stabilized optical sensors, and non-kinetic electronic warfare capabilities to provide a comprehensive solution to combating the threat of hostile UAS and near-peer airborne threats. X-MADIS can also provide ground and surface surveillance, counter-IED, hostile fire location, and integrated kinetic capabilities. In addition, AVTs gyro-stabilized optics, c-UAS Software Suite and Graphical User Interface are key components integrated into the USMC MADIS family of systems.
The combining of AVT’s EO/IR and X-MADIS technologies with CACI’s signals intelligence, electronic warfare, and CORIAN capabilities will deliver continued differentiation to customers. Our open-source, system-of-systems architectures provides interoperability and speeds new capabilities to customers in the defense and security markets. AVT adds to CACI’s U.S. Army and Navy presence with the U.S. Air Force and Marine Corps, as well as international customers.
Dr. J.P. (Jack) London, CACI Executive Chairman and Chairman of the Board, noted, “CACI has an outstanding track record of successful acquisitions that deliver distinctive benefits for our customers and employees while providing long-term value to our shareholders. The cultures of CACI and AVT are aligned with an unwavering commitment to integrity, ethics, and innovation.”
According to John Mengucci, CACI President and Chief Executive Officer, “The combination of CACI and AVT brings unique advantages to our defense and national security customers with critical ISR and c-UAS missions. Their accomplished leadership team, led by founder and CEO Tim Sheehy, and highly skilled technical employee population drives a unique culture of agile innovation and differentiated performance. The synergies between AVT and CACI’s offerings establish unapparelled technologies and capabilities in this growing area of ISR and c-UAS within CACI’s business. We welcome the talented and mission-focused AVT employees to CACI.”
SheppardMullin served as CACI’s legal advisor in connection with the transaction. Jefferies LLC served as exclusive financial advisor to Ascent Vision Technologies and Holland & Hart LLP served as legal advisor in connection with the transaction.
CACI’s 23,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World’s Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at 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, 2019, 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.