¥ Increasing the emphasis on centralized  assessment of threats and analysis of  terrorism ¥ Accelerating the pace of the transfor- mation of the Department of Defense  (DoD) and the military services ¥ Streamlining government acquisition  processes while moving to performance- based contracting ¥ Addressing the disturbingly high level  of attrition of the full-time government  workforce as a result of retirements We believe that we are strategically positioned to participate in these and other trends to meet our growth objectives for FY04 and beyond. We believe that we can achieve our strategic objectives in FY04 and beyond through the sale of services and solutions that make CACI unique: ¥ Proven engineering and systems integration services for our federal customers. We expect to benefit from the transformation taking place in response to our military customers’ need to respond to new requirements while competing for scarce resources. We expect to benefit both from the need for all of our customers to continue to improve their technology infrastructure systems in such areas as procurement and financial management and the initiatives to modernize DoD command, control, communications, and intelligence capabilities. ¥ Intelligence collection and analysis, document exploitation, and infrastructure development for our intelligence community and law enforcement customers. We expect to benefit from increased government funding for our intelligence customers, increasing our support in the collection, exploitation, production, and dissemination of classified information. We also expect more of our federal customers will take advantage of our expertise in knowledge management as they experience the increasing need to identify, locate, capture, and share relevant information in a timely manner. ¥ Information assurance and security, both offensive and defensive, for our government and commercial customers. With the increasing need to protect critical William B. Snyder is retiring from CACI’s Board of Directors after seven years of dedicated service. We thank him for his loyal support and the advice and counsel of his experience. We wish him the best in his well-deserved retirement.  Our ability to successfully meet the challenges we see ahead is a result of the teamwork of almost 6,400 professional and dedicated employees; an outstanding and experienced senior management team; the guidance and oversight of our highly qualified, independent board of directors; and our long-standing customer relationships. The contributions of each to our success have been and will continue to be vital. Just as important is the support that we receive from you, our valued shareholders. As we work to help secure our nation’s future—both domestically and abroad—all of CACI is committed to remaining  Ever Vigilant in providing innovative technology solutions that will support our great country’s future. We believe that commitment will reward our customers and our shareholders. ¥ Managed network services for federal, civilian and DoD customers.  Growth of these services is expected to come from increased bandwidth requirements throughout the federal government as a result of e-government and information- sharing initiatives, the need for more special-purpose networks, and our ongoing support of DoD information systems operations around the world. infrastructure and information for both government and commercial customers, we believe that our established expertise in information assurance has positioned us to be a key provider of these services. Trusted, Tireless, Teamwork Sharpening the CACI Edge