CACI International Inc (CACI) recently secured a prime contract worth $28 million from the Department of Defense’s Joint Improvised Explosive Device Defeat Organization (:JIEDDO) to support its Joint Expeditionary Team (:JET).
JET supports JIEDDO’s various lines of operations. Advisors from the JET assist and mentor units that conduct operations to find, interrupt and defeat Improvised Explosive Device (:IED) networks, and to integrate and employ solutions to detect and neutralize IEDs or diminish their effects.
CACI International will offer highly experienced personnel, mission expertise and innovative approaches to JIEDDO and secure the safety of the U.S. forces by providing direct field operations of counter-improvised explosive device (C-IED) activities. This contract further reinforces CACI International’s presence in high-growth integrated security solutions market area. The company delivers highly specialized solutions and services that assist government in safeguarding America’s servicemen in critical missions.
CACI International has a huge pipeline of new projects and continues to win deals at regular intervals. These contract wins are the key growth catalysts for the company. In addition, as the U.S. government is one of the company’s biggest clients, it lends stability to the business with 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’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), carrying a Zacks Rank #1 (Strong Buy), Syntel, Inc. (SYNT) and Computer Science Corporation (CSC), both holding a Zacks Rank #2 (Buy).