CACI International Inc (CACI) recently won $425-million worth of previously unannounced contracts to deliver information solutions and services to national-level intelligence organizations protecting the U.S. security.
Under the contracts, CACI International aims to provide exclusive expertise, technical innovation and in-demand services across multiple intelligence disciplines that enable customers to keep abreast of any emerging national threat. CACI International supports several agencies and delivers capabilities in sensitive domains like intelligence analysis, enterprise network operations, counter intelligence support and cyber analytics.
The company’s solutions enhance defense and intelligence capabilities, assure homeland security, improve decision-making and help customers to operate smartly and efficiently.
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, there is a relative stability to the business with a steady revenue stream.
CACI International was also awarded a $45 million contract few days back to provide a wide range of business information technology and command and control solutions to support the U.S. Navy’s Space and Naval Warfare Systems Center Atlantic.
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 Syntel, Inc.(SYNT), carrying a Zacks Rank #1 (Strong Buy), NCI, Inc. (NCIT) and Perficient Inc (PRFT), both carrying a Zacks Rank #2 ( Buy).
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