Earning new contracts continues its interminable saga for CACI International Inc. (CACI) as it announced the receipt of a $20 million five-year contract from the Transportation Security Administration (:TSA). The contract is to provide Occupational Safety and Health (OSH) Support Services to the TSA centres.
According to the contract, CACI International would implement and maintain a comprehensive
The company has had an ongoing relationship with the TSA in providing its
Very recently, CACI International was awarded a contract worth $41 million from the Department of Defense (DoD) to continue its grand work as lead developer at the Defense Agencies Initiative (:DAI). This would directly cater to ameliorating the financial management program of the DoD.
Needless to say, management is highly ebullient about its spate of successes which seem to have transformed into an endless phenomenon of contract awards. However, the company needs to be wary of its formidable competitors who include big names such as Lionbridge Technologies Inc. (LIOX), WidePoint Corporation (WYY) and Synnex Corporation (SNX).
Our current Zacks Consensus Estimate projects an EPS of $1.42 per share and $5.89 per share in the third fiscal quarter and full fiscal year 2012, respectively.
At present we have a Neutral recommendation on CACI International Inc. The stock currently carries a Zacks #2 Rank, which translates into a short-term rating of Buy.
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