CACI International (NYSE: CACI) will compete for task orders to update the Pension Benefit Guaranty Corp.’s information technology infrastructure under a potential $140 million contract.
The potential five-year indefinite-delivery/indefinite-quantity contract contains one base year and four option years, CACI said Wednesday.
PBGC is the federal agency responsible for protecting retirement incomes of more than 44 million American workers in more than 27, 500 private-sector defined pension plans, according to CACI.
“This is a new client for us with solid future business potential, and we welcome the opportunity to expand our support in the federal civilian space while strategically advancing our presence in the enterprise IT market, ” said Ken Asbury, CACI president and CEO.
Asbury added the company is aiming to win positions on large government contract vehicles.
Salient Federal Solutions also holds a prime position on the IT Infrastructure Operations Services and Support contract (click here to read comments from Bill Parker, Salient chief operating officer).