CACI International (CACI) recently received a $14-million, 18-month task order to provide core development support on the Department of Veterans Affairs’ (:VA) Virtual Lifetime Electronic Record program (:VLER).
VLER will offer solutions to enhance interoperability by consolidating electronic health and benefits records of armed forces for exchange within the Veteran Affairs and to the Department of Defense (DoD) and other federal agencies. This methodology is very cost effective and the use of modular technology to build Data Access Service (:DAS) further enables VLER to connect different systems in a much more effective manner.
Leveraging its selection as one of the prime contractors under the $91 million VLER contract, CACI International intends to expand its presence in the ever-expanding healthcare market. This new contract fosters significant growth opportunity for CACI International.
With its expertise and leadership position in healthcare systems, CACI International enables medical facilities to efficiently order and maintain medical supplies and equipment and at the same time it helps servicemen to accurately access their health records.
CACI International has a large pipeline of new projects and continues to win deals at regular intervals. The twin contract wins are key catalysts that are likely to augment the company’s revenues. In addition, with the U.S. government as one of the company’s biggest clients, the business enjoys stability and a steady revenue stream.
Based in Arlington, Va, CACI International delivers IT applications and infrastructure to improve communications and secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness.
CACI International has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth considering in the industry include Syntel, Inc.(SYNT), carrying a Zacks Rank #1 (Strong Buy), and NCI, Inc. (NCIT) and Carbonite, Inc (CARB), both carrying a Zacks Rank #2 ( Buy).