CACI International Inc (CACI) was recently selected as one of four prime contractors under the $1.1-billion six-year Mega 4 contract to provide automated litigation support services to the U.S. Department of Justice (:DOJ) and other federal agencies.
As one of the prime contractors, CACI International will provide e-discovery, paralegal services and other automated litigation support services to litigating divisions and other federal agencies.
CACI International continues to offer new services and technology offerings to DOJ and at the same time helps its attorneys with litigation support services. CACI International's innovative technologies, coupled with its client-focused support and mission understanding, provide DOJ attorneys with the competitive advantage required to settle their cases. CACI International already has business relationships with DOJ and this contract further reinforces this.
CACI International has a large pipeline of new projects and continues to win deals at regular intervals. The 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, there is a relative 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 currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth considering in the industry include Carbonite, Inc. (CARB), CGI Group, Inc. (GIB) and Lionbridge Technologies Inc (LIOX), each carrying a Zacks Rank #2 ( Buy).
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