CACI International Inc (CACI) continues to add to its large pipeline of projects and deals with of the latest being a significant new contract from the Department of Homeland Security (DHS). Following this announcement, the company’s share price rose 0.24% on Nov 1, 2013. Under the contract, CACI International will support (DHS’) Enterprise Acquisition Gateway for Leading Edge Solutions II (EAGLE II) program.
EAGLE II will facilitate IT service delivery and provide services in three functional categories. The contract licenses CACI International to offer support for system design, development, implementation, and integration; software design and development; and operations and maintenance solutions, processes, and procedures. It will further enable CACI International to expand its presence in the Enterprise IT market.
Utilizing its expertise and its leading position in global security, CACI International aims to provide mission-critical measures to the DHS to meet its diverse goals and functions.
Back-to-back contract wins are key catalysts for augmenting the company’s revenues. In addition, having the U.S. government as one of its biggest clients, offers a relative stability to the business and a steady revenue stream.
Based in Arlington, Virginia, 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’s system-integration skills and intelligence expertise consume a significant portion of the funds earmarked for the Department of Homeland Security, while creating systems that facilitate sharing of critical information among all intelligence agencies.
CACI International currently has a Zacks Rank #3 (Hold). Other stocks worth considering in the industry include Lionbridge Technologies Inc (LIOX) and Syntel, Inc. (SYNT) both carrying a Zacks Rank #1 (Strong Buy) and Computer Science Corporation (CSC), holding a Zacks Rank #2 (Buy).
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