CACI today announced it has been selected as a prime contractor to modernize the IT infrastructure of the Pension Benefit Guaranty Corporation (PBGC) for the IT infrastructure Operations Services and Support (ITIOSS) contract. The five-year, $140 million indefinite delivery/indefinite quantity (IDIQ) contract, will expand CACI’s presence in its Enterprise IT market.
“CACI’s innovative transformation approach and use of best practices makes us an ideal candidate to deliver success on the IT Infrastructure Operations Services and Support contract,” said John Mengucci, chief operating officer and president of U.S. Operations at CACI. “Our proven, high-value IT solutions will assist the Pension Benefit Guaranty Corporation in safeguarding the pension plans of millions of Americans.”
The contract may require CACI to upgrade, consolidate, and simplify PBGC’s IT infrastructure to align it with the organization’s business and mission requirements. The work will improve performance, reduce costs, increase transparency of costs and service levels, and address security deficiencies.
PBGC is a federal agency that protects the retirement incomes of more than 44 million American workers in more than 27,500 private-sector defined benefit pension plans.