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NCI Pulls Together Common Shares Repurchase

NCI Pulls Together Common Shares Repurchase - top government contractors - best government contracting event
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NCI, Inc. (NASDAQ:NCIT) is moving forward with a share repurchase program of up to $25 million of outstanding common stock, following approval from the board of directors.

“We are pleased to announce a share repurchase program,” CEO Charles Narang said. “We believe that the current trading range of NCI's stock price provides an exceptional investment value. The decision to repurchase shares is based on the company's solid capitalization, our positive long-term outlook for the company's business, and our assessment that future cash flows and access to credit will provide financial flexibility to allow continued investment in our internal growth opportunities and strategic acquisitions to ultimately improve stockholder value in the future.“

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